Cummins Profit Raise

Cummins, which also makes power generation equipment and filtration systems, warned of a near-term slowdown in china It said measures taken by the Chinese government to control inflation have hit demand for its engines machine used in trucks and off-highway markets.   
  
Cummins' second-quarter sale rose to $505 million, or $2.60 a share, from $246 million, or $1.25 a share, a year earlier.

Excluding some gains, the company earned $2.41 a share, beating Wall Street expectations of $2.01.Sales rose 45 percent to $4.64 billion, exceeding analysts' estimates of $4.27 billion.
Cummins raised its 2011 forecast for profit margin before interest and taxes to 14.5 percent from 14 percent and its sales outlook for the year to $18 billion from $17 billion.