Cummins exceeds expectations with Q3 earnings
COLUMBUS, Ind. (AP) — Cummins Inc. (CMI) on Tuesday reported third-quarter earnings of $809 million.
The Columbus, Indiana-based company said it had profit of $5.86 per share. Earnings, adjusted for pretax gains, were $5.60 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $4.89 per share.
The engine maker posted revenue of $8.46 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $8.28 billion.
This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on CMI at https://www.zacks.com/ap/CMI.
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