Cummins Slides on Job Cuts Plan, Pared Forecasts: Detroit Mover

Cummins Slides on Job Cuts Plan, Pared Forecasts: Detroit Mover

Tom Strickland/Bloomberg

Cummins Inc. yesterday cut its forecast for full-year revenue to about $17 billion from $18 billion and its forecast for earnings before interest and taxes to about 13.5 percent from a range of 14.25 percent to 14.75 percent.