Cummins Announces Second Quarter 2016 Results

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Cummins (CMI) Tops Q2 EPS by 25c; Lowers FY16 Revenue Outlook

August 2, 2016 7:33 AM EDT

Cummins (NYSE: CMI) reported Q2 EPS of $2.40, $0.25 better than the analyst estimate of $2.15. Revenue for the quarter came in at $4.5 billion versus the consensus estimate of $4.5 billion.

Cummins expects full year 2016 revenues to be down 8 to 10 percent, lower than previous guidance of down 5 to 9... More