Cummins Inc. (CMI) released earnings for third quarter that Dropped, from last year and missed the Street estimates.
The company's bottom line came in at $536 million, or $3.86 per share. This compares with $809 million, or $5.86 per share, last year.
Analysts on average had expected the company to earn $4.77 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 1.6% to $8.317 billion from $8.456 billion last year.
Cummins Inc. earnings at a glance (GAAP) :
-Earnings: $536 Mln. vs. $809 Mln. last year.-EPS: $3.86 vs. $5.86 last year.-Revenue: $8.317 Bln vs. $8.456 Bln last year.
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