UPDATE: Cummins Q4 Profit Beats Estimates

Cummins 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.