‘Weak Demand’ Impacts Cummins 3Q Revenues
Cummins Inc.’s third-quarter earnings edged up 0.9% as the supplier of engines for heavy-duty trucks reported weaker revenue growth than expected and cut its full-year sales outlook. The Wall Street Journal reported that Cummins, the world’s largest engine manufacturer based on sales, now expects revenue to decline 3% from 2012. It previously expected 2013 revenue to [...]