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UPDATE: Cummins Q4 Profit Beats Estimates

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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.

Posted-In: profitEarnings News

 

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