Traders Selling Shares Of Cummins Ahead Of Tomorrow's Q1 Earnings Report
Shares of Cummins (NYSE: CMI) are leading the Industrial group lower Monday afternoon as traders appear to be positioning themselves ahead of the company's first-quarter earnings, expected out on Tuesday prior to the opening bell.
Analysts on Cummins are currently looking for quarterly earnings of $1.68 per share on sales of $4.18 billion.
The company normally issues quarterly figures around 7:30AM EDT.
The stock last traded at $143.33, down more than 2.5 percent from the close on Friday.
Tenneco earlier posted better-than-expected first-quarter figures. The beat should not be weighing on the stock, nor the sector.
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