Cummins (CMI) Misses Q2 EPS by 34c, Revenue Beats

Cummins (NYSE: CMI) reported Q2 EPS of $3.29, $0.34 worse than the analyst estimate of $3.63. Revenue for the quarter came in at $6.1 billion versus the consensus estimate of $5.82 billion.

Based on the current forecast, Cummins expects full year 2018 revenues to be up 15 to 17 percent, compared to prior guidance of up 10 to 14 percent. EBITDA is projected to be in the range of 14.8 to 15.2 percent of sales, down from 15.4 to 15.8 percent of sales and reflects approximately $100 million of expense associated with trade tariffs and increased commodity costs in the second half of the year.

For earnings history and earnings-related data on Cummins (CMI) click here.

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