Caterpillar's which pegs earnings (excluding the cost of layoffs) at $1.15 to $2.25 a share and revenue at $32 billion to $36 billion.
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"Looking forward, there is far too much uncertainty to know when the global economy will turn toward robust positive growth," Caterpillar chief Jim Owens said in a press release issued by the company Tuesday morning. But, Owens added, if the global economy has a "normal" recovery, Caterpillar hopes to record yearly profit of $8 to $10 a share.
In morning trading Tuesday, shares of the economic bellwether advanced 4%, or $1.80, to $46.92, on volume of 5 million shares. The average daily turnover of the stock is 13 million.
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