UPDATE 3-Caterpillar sees ’17 profit below expectations as restructuring continues – Business Insider

(Adds company comments, analyst quote) By Mark Weinraub CHICAGO, Jan 26 (Reuters) – Caterpillar Inc, the world’s largest construction and equipment maker, forecast 2017 profit sharply below analysts’ estimates, hurt by sluggish demand in the construction and energy industries. Peoria, Illinois,-based Caterpillar has already slashed its workforce by more than 16,000 to cope with a…