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.
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