Cummins Sees Sales Growth Stall Out
The industrial sector has had to deal with a lot of uncertainty lately, as economic conditions across the globe have been less than robust in many areas. For Cummins (NYSE: CMI), high demand for its engines within North America has been a saving grace in the recent past, but as problems in overseas markets mount, it's been increasingly difficult to sustain the rates of growth that investors want to see.
Coming into Tuesday's second-quarter financial report, Cummins investors were hoping that despite some pressures from currency impacts and economic slowdowns, the engine maker would be able to keep its revenue moving higher. Results didn't live up to expectations, and that will have implications for the company's performance for the remainder of the year.
Cummins power generation equipment. Image source: Cummins.
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