Traders Buying Cummins (CMI) Shares as Co. Offers Guidance at Analyst Meeting

Shares of Cummins (NYSE: CMI) are moving higher over just the last few minutes of trade as the company's Analyst Meeting is currently taking place.

The company is offering some guidance:

• sees $30 billion in sales by 2015;
  
• compound annual growth rate of 14 percent;
  
• sees $17 billion in consolidated sales by 2015;
  
• 18 percent EBIT by 2015;
  
• believes 2011 will be a "record year" for the company; and
  
• mining units are expected to grow at around 10 percent or more;

After gapping slightly higher Tuesday morning, Cummins shares are now up 6.5 percent to $92.65.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Hunterbrook bullish on Modine Manufacturing (MOD)
• TJX Cos. (TJX) Tops Q2 EPS by 3c, Beats on Revenue; Offers FY27 EPS Guidance
• Trump admin taps former JPMorgan Chase exec Matt Zames to advise social security agency - CNBC