Cummins Reports First Quarter 2020 Results

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Go back to Cummins Reports First Quarter 2020 Results

Cummins (CMI) reports Q1 EPS of $3.41, doesn't provide revenue or profitability guidance for 2020

April 28, 2020 7:33 AM EDT

Cummins (NYSE: CMI) reported Q1 EPS of $3.41, $1.25 better than the analyst estimate of $2.16. Revenue for the quarter came in at $5 billion versus the consensus estimate of $4.88 billion.

First quarter net income included a benefit of $35 million ($0.23 per diluted share) resulting from recent changes to tax law in India. The tax rate in the first quarter was 19.4 percent.

2020... More