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Cummins: Q3 Earnings Snapshot

By AP News
Published

COLUMBUS, Ind. (AP) — COLUMBUS, Ind. (AP) — Cummins Inc. (CMI) on Thursday reported third-quarter profit of $656 million.

The Columbus, Indiana-based company said it had net income of $4.59 per share. Earnings, adjusted for non-recurring costs, were $4.73 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $4.63 per share.

The engine maker posted revenue of $8.43 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $8.14 billion.

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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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