Caterpillar says Wall Street's 2017 profit estimate 'too optimistic'

The CAT logo is seen on back of a Caterpillar excavator machine at a work site in Detroit, Michigan January 25, 2013. REUTERS/ Rebecca Cook
More(Reuters) – Caterpillar Inc <CAT.N>, the world’s largest construction and mining equipment maker, said Wall Street’s earnings expectations for 2017 were “too optimistic” as oil prices continued to remained volatile.
Analysts on average were expecting 2017 earnings of $3.25 per share and revenue of $38 billion, accordin