logo
Plus   Neg
Share
Email

Cummins Inc. Q3 adjusted earnings Beat Estimates

Cummins Inc. (CMI) revealed a profit for its third quarter that rose from last year.

The company's bottom line came in at $692 million, or $4.28 per share. This compares with $453 million, or $2.71 per share, in last year's third quarter.

Excluding items, Cummins Inc. reported adjusted earnings of $655 million or $4.05 per share for the period.

Analysts had expected the company to earn $3.76 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.3% to $5.94 billion from $5.29 billion last year.

Cummins Inc. earnings at a glance:

-Earnings (Q3): $655 Mln. vs. $453 Mln. last year.
-EPS (Q3): $4.05 vs. $2.71 last year.
-Analysts Estimate: $3.76
-Revenue (Q3): $5.94 Bln vs. $5.29 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT
>