Cummins (CMI) Misses Q4 EPS by 18c
Cummins (NYSE: CMI) reported Q4 EPS of $3.63, $0.18 worse than the analyst estimate of $3.81. Revenue for the quarter came in at $6.1 billion versus the consensus estimate of $6.09 billion.
Based on the current forecast, Cummins projects full year 2019 revenues to be flat to up 4 percent, and EBITDA to be in the range of 15.75 to 16.25 percent of sales. The Company expects to return 75 percent of Operating Cash Flow to shareholders in 2019 in the form of dividends and share repurchases.
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