More on Caterpillar's (CAT) Q3 earnings: CAT confirms it's tough out there. FY2012 outlook is...

|About: Caterpillar Inc. (CAT)|By:, SA News Editor

More on Caterpillar's (CAT) Q3 earnings: CAT confirms it's tough out there. FY2012 outlook is lowered to $66B revenue and EPS of $9-$9.25 from $68-$70B and $9.60, "reflect(ing) global economic conditions that are weaker than we had previously expected." "Cat dealers have lowered order rates to well below end-user demand ... Production across much of the company has been lowered, resulting in temporary shutdowns and layoffs." Shares -1.4% permarket. (PR)