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

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