Cummins Inc. Reports Strong Q4 Earnings, Exceeding Wall Street Estimates
COLUMBUS, Ind. - Cummins Inc. (CMI) reported robust fourth-quarter earnings on Tuesday, surpassing market expectations.
The Columbus, Indiana-based company recorded earnings of $418 million or $3.02 per share. Excluding non-recurring expenses, earnings reached $5.16 per share.
These results outperformed Wall Street's projections, with analysts surveyed by Zacks Investment Research anticipating earnings of $4.68 per share.
Cummins' revenue for the quarter totaled $8.45 billion, also exceeding analyst forecasts. A survey of seven analysts by Zacks estimated $8.13 billion.