Cummins Inc. Q4 Profit Retreats, misses estimates

Cummins Inc. (CMI) released earnings for fourth quarter that decreased from the same period last year and missed the Street estimates.

The company's earnings totaled $394 million, or $2.73 per share. This compares with $501 million, or $3.36 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $3.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.3% to $5.85 billion from $5.83 billion last year.

Cummins Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $394 Mln. vs. $501 Mln. last year.
-EPS (Q4): $2.73 vs. $3.36 last year.
-Analyst Estimates: $3.15
-Revenue (Q4): $5.85 Bln vs. $5.83 Bln last year.

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