Caterpillar Calls Analysts 'Too Optimistic' on 2017

Caterpillar's presentation at the Credit Suisse conference highlighted concerns about optimistic earnings and sales estimates for 2017. The company noted that the $38 billion revenue forecast is reasonable but warned of volatile oil prices affecting investments. Caterpillar is implementing over $2 billion in cost reductions, including workforce adjustments. These announcements led to fluctuations in the company's stock price.

What was the main topic of the presentation given by Caterpillar at the conference?

What did the company say about the earnings per share estimate for 2017?

What were the headlines regarding sales estimates mentioned in the presentation?

What did the company indicate about oil prices and their impact on investment?

How much in cost reductions is Caterpillar on track for this year?