COLUMBUS, Ind. (AP) — COLUMBUS, Ind. (AP) — Cummins Inc. (CMI) on Thursday reported first-quarter profit of $1.99 billion.
The Columbus, Indiana-based company said it had profit of $14.03 per share. Earnings, adjusted for non-recurring gains, were $5.10 per share.
The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $5.11 per share.
The engine maker posted revenue of $8.4 billion in the period, surpassing Street forecasts. Seven analysts surveyed by Zacks expected $8.36 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
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
