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Cummins Q3 Earnings Surpass Expectations, Revenues Rise Y/Y
CMICummins(CMI) ZACKS·2024-11-05 17:50

Cummins Inc. (CMI) reported third-quarter 2024 earnings of 5.60pershare,whichincreasedfrom5.60 per share, which increased from 4.73 recorded in the corresponding quarter of 2023. The bottom line also surpassed the Zacks Consensus Estimate of 4.89pershare.Theoutperformancewasdrivenbyhigher−than−expectedrevenuesfromthePowerSystemsandDistributionsegments.Cummins’revenuestotaled4.89 per share. The outperformance was driven by higher-than-expected revenues from the Power Systems and Distribution segments. Cummins’ revenues totaled 8.46 billion, up from 8.43billionrecordedintheyear−agoquarter.ThetoplinebeattheZacksConsensusEstimateof8.43 billion recorded in the year-ago quarter. The top line beat the Zacks Consensus Estimate of 8.28 billion.Stay up- ...