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With the operating environment remaining tough we can see little improvement in earnings estimates in the short term.
Analysts at Numis forecast a fall in profits from $6.45bn to $6.1bn, with the trading outlook in Latin America, North America and Europe remaining tough.
He could satisfy his instincts for remaining tough on immigration, while giving way towards the more compassionate attitude demanded in recent days, by agreeing to take in more refugees – as long as we get only the dead ones.
And with the Bloomberg administration remaining tough on subway peddling, a renewed growth of the homeless population does not necessarily mean more sellers, he said, because "people are afraid of being busted".
Similar(55)
Does the economic situation remain tough?
Europe and parts of Latin America remain tough regions for Caterpillar.
He believes times will remain tough for retailers next year.
Chief executive Alan Mulally, conceded that conditions remain tough.
We are going to have to remain tough".
Through it all, she remained tough and positive.
"Trading conditions remain tough and we do not see any improvement in the near-term outlook".
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