Cummins (CMI) Cuts FY12 Sales Outlook

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Cummins Inc. (NYSE: CMI) has lowered its full-year revenue outlook for 2012 and now expects 2012 revenues to be in line with 2011 compared to the Company’s previous guidance of an increase of 10 percent. Based on preliminary results, and subject to normal quarterly financial statement closing procedures, second quarter revenues are expected to be approximately $4.45 billion. The Company does not provide quarterly revenue or earnings guidance.

The Street sees revs of $19.84 billion.

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