Cummins preannounces weak revs, lowers guidance [NotSoBreaking] - MarketTicker Forums


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User Info	Cummins preannounces weak revs, lowers guidance in forum [NotSoBreaking]
Sushihorn Posts: 7802 Incept: 2007-10-22 Arlington, TX	This is for both the current quarter and for the full year. They are now calling for 2012 revs to be flat vs +10% growth. Basically their former growth markets are flatlining or worse. Quote: Cummins Inc. /quotes/zigman/223917/quotes/nls/cmi CMI -8.94% lowered its full-year revenue estimate and projected second-quarter revenue below analyst expectations, noting demand in some markets have weakened due to a slowdown in the global economy. ... "Order trends in the U.S. for trucks and power generation equipment have softened and demand in Brazil, China and India is not improving as we had previously expected," said Chairman and Chief Executive Tom Linebarger. http://www.marketwatch.com/story/cummins.... ---------- http://jengafinance.blogspot.com/ Build a banker a fire and keep him warm for a night. Set a banker on fire and keep him warm for the rest of his life. 2012-07-10 17:08:51 Permalink
Jazen Posts: 3416 Incept: 2007-07-17 ****cago	But they make great diesels!!!! Wish I had one in my 6.5L diesel burban, man headache after headache. It is 15 years old though.... ---------- I hate our Government, but I still love America. 2012-07-10 17:17:56 Permalink
Indya Posts: 369 Incept: 2009-04-11	India I see lot of Cummins diesel gensets as backup power for apartment complexes and CREs but fuel is increasingly getting costly. Its one thing to buy gensets but another thing to maintain them. Cashflow matters here. 2012-07-11 01:30:09 Permalink
Gamma Posts: 5546 Incept: 2008-01-20 Northern CA	Absolutely screaming trading stock, if you catch it right. ---------- This stuff we're going through, this is nothing compared to the Middle Ages. They told me if I voted for John McCain, an idiot would be a heartbeat away from the presidency. Sure enough... 2012-07-11 01:31:52 Permalink