Cummins: 2009 Sales To Fall 20 Percent

Engine maker’s sales guidance implies 2009 sales of $11.47 billion compared with $14.34 billion in 2008; analysts expect sales of $12.78 billion.

COLUMBUS, Ind. (AP) -- Engine maker Cummins Inc. said Tuesday it expects its sales in 2009 to decline 20 percent as the weak economy erodes demand for its products.

The sales guidance implies 2009 sales of $11.47 billion compared with $14.34 billion in 2008. Analysts surveyed by Thomson Reuters expect sales of $12.78 billion.

Cummins said the forecast assumes the global economy continues to deteriorate in 2009.

Shares of Cummins rose 73 cents, or 3 percent, to $25.03 in morning trading.

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