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Cummins: Q1 Earnings Snapshot

COLUMBUS, Ind. (AP) _ Cummins Inc. (CMI) on Tuesday reported first-quarter earnings of $603 million. On a per-share basis, the Columbus, Indiana-based company said it had profit of $4.07. Earnings, adjusted for pretax gains, were $4.04 per share. The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.46 per share.

صاحب‌خبر -

COLUMBUS, Ind. (AP) _ Cummins Inc. (CMI) on Tuesday reported first-quarter earnings of $603 million.

On a per-share basis, the Columbus, Indiana-based company said it had profit of $4.07. Earnings, adjusted for pretax gains, were $4.04 per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.46 per share.

The engine maker posted revenue of $6.09 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $5.3 billion.

Cummins shares have risen 12% since the beginning of the year, while the S&P’s 500 index has increased 12%. The stock has climbed 61% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMI at https://www.zacks.com/ap/CMI

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