Cummins Inc. (CMI) reported that its third-quarter net income attributable to the company decreased to $95 million from $229 million last year. Earnings per share attributable to the company decreased to $0.48 from $1.17 a year ago.
On average, 17 analysts polled by Thomson Reuters expected the company to report profit of $0.37 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales decreased to $2.530 billion from $3.693 billion last year. Analysts expected revenue of $2.48 billion for the quarter.
Cummins raised its sales and profit guidance for 2009. The company now expects 2009 sales to be slightly less than 30% lower than 2008. Previously, the company said it expected 2009 sales to be slightly more than 30% lower than last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.