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Watch Art Cashin: Why I'm 'cautious' on earnings

Thursday, 17 Oct 2013 | 2:06 PM ET
Why Cashin is watching the US dollar and IBM
Thursday, 17 Oct 2013 | 11:40 AM ET
CNBC's Courtney Reagan talks with Art Cashin, of UBS, about why he is watching the US dollar for signs of weakness and keeping an eye on "Big Blue."

Art Cashin says early reports this earnings season are showing it's "tougher and tougher" for profits to keep growing.

Cashin, UBS' director of floor operations at the NYSE, told CNBC's Courtney Reagan around midday that "management has done an excellent job doing more with less, so we've got absolute record profit margins... But they usually revert to mean. It's difficult to keep growing by cutting."

His advice: "I would be cautious. I would look particularly at the outlooks rather than the actual earnings."

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