Cummins curtails revenue, profit forecast

December 11, 2008

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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