Cummins (CMI) Reports Solid Q3 Results; Raises FY09 Outlook
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Cummins Inc. (NYSE: CMI) reports Q3 EPS of $0.56, ex-items, versus the analyst estimate of $0.37. Revenue for the quarter was $2.53 million, which compares to the estimate of $2.48 million.
Raises its FY09 sales guidance from "slightly more than 30% lower than last year and EBIT to be 5% of sales, ex-items" to "slightly less than 30% lower than 2008" with EBIT of 6% of sales for the year, ex-items.
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