Cummins (CMI) Tops Q2 EPS by 25c; Lowers FY16 Revenue Outlook
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Cummins Announces Second Quarter 2016 Results
August 2, 2016 7:30 AM EDTSecond quarter revenues of $4.5 billion, EBIT of 13.1 percent of sales GAAP profit before tax of 12.7 percent of sales, Diluted EPS of $2.40 Expects full year 2016 revenues to be down 8 to 10 percent, lower than previous guidance of down 5 to 9 percent Full year 2016 EBIT expected to be in the range of 11.6 to 12.2 percent, unchanged Returned more than $1 billion to shareholders year to date through dividends and share repurchases
COLUMBUS, Ind.--(BUSINESS WIRE)-- Cummins Inc. (NYSE:... More
