Cummins, Inc. (CMI) Reports Mixed Q3 Results; Lowers FY11 Sales Outlook
Cummins, Inc. (NYSE: CMI) reported Q3 adj-EPS of $2.20, 5 cents worse than the analyst estimate of $2.25. Revenue for the quarter came in at $4.63 billion versus the consensus estimate of $4.61 billion.
GAAP number was $2.35.
Cummins slightly reduced its FY11 sales guidance from about $18 billion to $17.5-$18 billion, which compares to the Street estimate of $18.19 billion.
GAAP number was $2.35.
Cummins slightly reduced its FY11 sales guidance from about $18 billion to $17.5-$18 billion, which compares to the Street estimate of $18.19 billion.