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Cummins Inc. Q3 adjusted earnings Inline With Estimates

Cummins Inc. (CMI) released a profit for third quarter that dropped from last year.

The company's earnings totaled $622 million, or $3.97 per share. This compares with $692 million, or $4.28 per share, in last year's third quarter.

Excluding items, Cummins Inc. reported adjusted earnings of $599 million or $3.83 per share for the period.

Analysts had expected the company to earn $3.83 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.9% to $5.77 billion from $5.94 billion last year.

Cummins Inc. earnings at a glance:

-Earnings (Q3): $599 Mln. vs. $655 Mln. last year.
-EPS (Q3): $3.83 vs. $4.05 last year.
-Analysts Estimate: $3.83
-Revenue (Q3): $5.77 Bln vs. $5.94 Bln last year.

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