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via finance.yahoo.comBusiness & Companies

Cummins: third-quarter earnings below analyst expectations

FROM THE WIRE · FINANCE.YAHOO.COM

COLUMBUS, Ind. (AP) — COLUMBUS, Ind. (AP) — Cummins Inc. (CMI) on Thursday reported third-quarter earnings of $1.14 billion. On a per-share basis, the Columbus, Indiana-based company said it had net income of $8.25. Earnings, adjusted for pretax gains, came to $7.71 per share.…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA quarterly result below estimates can weigh on the engine maker's shares.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Cummins reported third-quarter earnings of 1.14 billion dollars.
  2. 02Adjusted earnings per share were 7.71 dollars versus an estimate of 8.38.
  3. 03Revenue of 9.44 billion dollars also missed forecasts.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Cummins Inc.CMIStock471.84 USDMarket closedtoday -5.76%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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