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Cummins (CMI +7%) conference call: The exact opposite of Caterpillar's "hope," the company...
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Tuesday, July 31, 2012, 10:37 AM ETCummins (CMI +7%) conference call: The exact opposite of Caterpillar's "hope," the company expects no improvement in Chinese demand in H2 as government stimulus efforts to this point have been light (h/t firstadopter). Cummins earns just 6% of its revenues from China, but sales there more than doubled (presentation) from 2009-2011, and are now expected to fall about 10% this year. (earnings)
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