WASHINGTON (dpa-AFX) - Cummins Inc. (CMI) announced earnings for its first
quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $1.993 billion, or $14.03 per share. This
compares with $790 million, or $5.55 per share, in last year's first quarter.
Analysts on average had expected the company to earn $5.13 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 0.6% to $8.403 billion from $8.453
billion last year.
Cummins Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $1.993 Bln. vs. $790 Mln. last year.
-EPS (Q1): $14.03 vs. $5.55 last year.
-Revenue (Q1): $8.403 Bln vs. $8.453 Bln last year.
-Guidance:
Full year revenue guidance: To decline 2% to 5%
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