Cummins: Fourth Quarter Financial Overview
Cummins Inc. Reports Strong Fourth-Quarter Earnings
Cummins Inc., headquartered in Columbus, Indiana, announced a net income of $593 million for the fourth quarter.
The company recorded earnings of $4.27 per share, while adjusted earnings—excluding one-time expenses—reached $5.81 per share.
These figures exceeded analysts’ expectations, as the consensus from six Zacks Investment Research analysts had projected earnings of $5.20 per share.
Quarterly revenue totaled $8.54 billion, surpassing the $8.15 billion estimate from seven analysts polled by Zacks.
For the full year, Cummins reported a total profit of $2.84 billion, or $20.50 per share, with annual revenue amounting to $33.67 billion.
Report generated by Automated Insights using data from Zacks Investment Research.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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