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Cummins: Q1 Earnings Snapshot

Cummins Inc. (CMI) on Tuesday reported first-quarter profit of $654 million. COLUMBUS, Ind.(AP) — COLUMBUS, Ind. (AP) — Cummins Inc. (CMI) on Tuesday reported first-quarter profit of $654 million. On a per-share basis, the Columbus, Indiana-based company said it had net income of $4.71. Earnings, adjusted for non-recurring costs, were $6.15 per share. The results […]

Cummins Inc. (CMI) on Tuesday reported first-quarter profit of $654 million.

COLUMBUS, Ind.(AP) — COLUMBUS, Ind. (AP) — Cummins Inc. (CMI) on Tuesday reported first-quarter profit of $654 million.

On a per-share basis, the Columbus, Indiana-based company said it had net income of $4.71. Earnings, adjusted for non-recurring costs, were $6.15 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $5.60 per share.

The engine maker posted revenue of $8.4 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $8.32 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMI at https://www.zacks.com/ap/CMI

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