UPDATE: Cummins Q4 Profit Beats Estimates
Cummins (NYSE: CMI) posted a better-than-expected fourth- quarter profit.
Cummins' quarterly net earnings surged to $432 million, or $2.32 per share, versus $404 million, or $2.14 per share, in the year-ago period.
Its sales climbed 7% to $4.6 billion. However, analysts were expecting a profit $1.98 per share on revenue of $4.2 billion.
Cummins shares fell 1.34% to $124.70 in pre-market trading.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.