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Columbus diesel engine maker Cummins Inc. today said the slowing economy has forced it to revise its 2008 outlook downward.
Sales will rise 9 percent rather than the previous guidance of 12 percent, and profit will increase 9 percent instead of 10 percent. Most of the declines are coming in its engine and components businesses, Cummins said.
Its shares fell $1.43 to $25.40 in morning trading.
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