Cummins Inc. (CMI) reported that its fourth-quarter net income attributable to the company increased to $270 million or $1.36 per share from $43 million or $0.22 per share, a year ago.
Net sales were $3.40 billion, up 3% from $3.29 billion in the fourth quarter 2008. Analysts polled by Thomson Reuters expected the company to report revenues of $2.83 billion for the quarter. Analysts' estimates typically exclude special items.
Cummins expects 2010 sales and earnings to be similar to its 2009 performance. The Company's current full-year guidance calls for sales of $11 billion for the year, with an EBIT of 7% of sales. Analysts expect the company to report earnings of $1.98 per share on revenues of $10.23 billion for fiscal 2010.
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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.