Cummins (CMI) Tops Q1 EPS by 9c; Sees Lower FY16 Revenue

Cummins (NYSE: CMI) reported Q1 EPS of $1.87, $0.09 better than the analyst estimate of $1.78. Revenue for the quarter came in at $4.3 billion versus the consensus estimate of $4.3 billion.

Based on the current forecast, Cummins expects full year 2016 revenues to be down 5 to 9 percent, and EBIT to be in the range of 11.6 to 12.2 percent of sales, unchanged from our forecast three months ago

For earnings history and earnings-related data on Cummins (CMI) click here.

You May Also Be Interested In

• Wells Fargo cuts Netflix rating on engagement risk, weak slate
• Can global equities keep rising? UBS sees these factors driving upside
• Corpay agrees to $100M FTC settlement over marketing practices