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

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%.
Comments (1)
  • sounds like another good buying opp like last time at 85...
    9 Oct 2012, 05:33 PM Reply Like
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