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Cummins (NYSE:CMI) -6.2% AH after issuing downside guidance for Q3 and FY12, citing weak demand....

Oct. 09, 2012 5:27 PM ETCummins Inc. (CMI) StockCMIBy: Carl Surran, SA News Editor1 Comment

Cummins (NYSE:CMI) -6.2% AH after issuing downside guidance for Q3 and FY12, citing weak demand. For Q3, CMI expects revenues of $4.1B vs. $4.42B analyst consensus. FY12 revenue outlook is cut to ~$17B vs. prior guidance of $18B and $18.13B consensus. EBIT is seen at ~13.5% for the year vs. prior guidance of 14.25%-14.75%.

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