More on Cummins' (CMI) Q3 results: Engine revenues -14%, components -8%, power generation -7%....

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

More on Cummins' (CMI) Q3 results: Engine revenues -14%, components -8%, power generation -7%. Says demand has dropped sharply over the last three months; in response, it is delaying or canceling projects, flexing production at some plants, reducing discretionary expenses, and reducing workforce by 1,000-1,500 by year-end. CMI -1.2% premarket.