Cummins Reports Third Quarter 2023 Results
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Cummins (CMI) Misses Q3 EPS by 11c
November 2, 2023 7:33 AM EDTCummins (NYSE: CMI) reported Q3 EPS of $4.59, $0.11 worse than the analyst estimate of $4.70. Revenue for the quarter came in at $8.4 billion versus the consensus estimate of $8.17 billion.
2023 Outlook:
Based on its current forecast, Cummins is raising its full year 2023 revenue guidance to be up 18 to 21 percent due to strong demand across most markets, especially North America. EBITDA is expected to be in the range of 15.2 to 15.4 percent of... More
