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

|About: Cummins Inc. (CMI)|By:, SA News Editor

Cummins (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%.