Cummins: Q1 Earnings Snapshot
By AP News
Published - May 02, 2023, 07:42 AM ET
Last Updated - Jun 22, 2023, 12:03 AM EDT
COLUMBUS, Ind. (AP) — COLUMBUS, Ind. (AP) — Cummins Inc. (CMI) on Tuesday reported first-quarter profit of $790 million.
On a per-share basis, the Columbus, Indiana-based company said it had net income of $5.55.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $4.81 per share.
The engine maker posted revenue of $8.45 billion in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $8.03 billion.
