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ENGINE MAKERS * WORLDWIDE
* USA - Cummins beats Street, sees slow emerging markets
Columbus,IND,USA -Reuters -May 1, 2012: -- Engine maker Cummins Inc reported a 33 percent rise in quarterly profit and beat expectations due to strength in North America and mining, but its shares slid as the company signaled weakness in emerging markets and left its guidance unchanged... Cummins shares fell 3 percent to 112.30 in early trading on the New York Stock Exchange... The company posted net earnings of $455 million, or $2.38 per share, up from $343 million, or $1.75 per share, a year earlier. Analysts on average had projected $2.22 a share, according to Thomson Reuters I/B/E/S... Sales rose 16 percent to $4.5 billion, compared with analysts' expectations of $4.4 billion... The company affirmed its forecast that earnings before interest and taxes would represent 14.5 percent to 15 percent of sales in 2012, or nearly $3 billion. That compares with $2.56 billion in 2011...
* India - Greaves Cotton eyes bigger play in diesel engine space
Mumbai,India -The Economic Times, by Ketan Thakkar -Apr 24, 2012: -- Greaves Cotton, the country's largest small engine supplier to the three wheeler space is proposing to diversify into making small diesel engines for the fast growing passenger car space and bigger engines for light, medium and heavy duty trucks in the country... The company had recently conducted a feasibility study to make an entry into passenger vehicle space (cars, utility vehicles and vans) and it has already started talking to some of the big players in the market...
Labels: engine makers
posted by Unknown @ 6:04 PM
2 Comments:
Heard a lot about Greaves Cotton. They are the largest manufacturers of engines
SEO, said, has left a comment: Heard a lot about Greaves Cotton. They are the largest manufacturers of engines
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