Question-and-Answer Session
[Operator Instructions]. Your first question comes from the line of Jamie Cook with Credit Suisse. Please proceed.
Jamie Cook - Credit Suisse
Hi, good morning. My first question is just a clarification. I... on the slides, if you look at slide 17 and 18 when you're talking about guidance. You're saying revenues here are down. In your presentation you said up, 12 on the slide it says, down 12. And then I think the segment results, you also you're saying different things versus what's on the slide, can you just review what is right?
Tim Solso - Chairman and Chief Executive Officer
I am not following you here Jamie, I think
Jamie Cook - Credit Suisse
If you look at slide 18.
Tim Solso - Chairman and Chief Executive Officer
We tried to make sure, we vetted each of that, so that the slide was consistent with what we were saying publicly.
Jamie Cook - Credit Suisse
ell Slide 18, it says engine sales are going to be down... then too, I'm sorry I'm no it's...that's my fault, I apologize. All right let me get to my real question, your slides are right.
Tim, can you just address, if you look at your fourth quarter guidance that implies, based on what you are saying a 10% decline in EPS year-over-year for the fourth quarter and that's at a point where still the emerging markets and the commodity markets are holding together. Can you give us a sense on how we should, is there any...can you help us with how we should think about truck margins or truck EPS and what your expectations at the emerging and commodity markets are, as we look at over the next 12 to 18 months?
Tim Solso - Chairman and Chief Executive Officer
You are talking... the first question was a bridge for our earnings from Q3 to Q4.
Jamie Cook - Credit Suisse
Well, no I guess my point is in Q4 your earnings it looks like, you are going to be down 10% year-over-year and that's at a point where the emerging markets and commodity markets probably don't decline, they are still strong. So I'm trying a take if Q4 is only down 10% in terms of earnings, how I look longer-term at your business in terms of margins by segments because I'm assuming in '09 your sales are going to be... those markets aren't going to hold together which means earnings have to come down more dramatically for the full year versus the fourth quarter.
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