Cummins' Hydrogen Unit Drags Down Q4 EPS

Cummins reported strong top-line results, but earnings per share came in significantly below expectations due to strategic reorganization costs.Cummins (CMI 4.90%), a leader in power solutions, delivered its fourth-quarter earnings on Feb. 4. The company achieved revenues of $8.4 billion, surpassing analysts' consensus estimate of $8.07 billion. However, its diluted earnings per share (EPS) of $3.02 fell short of the expected $4.70. The quarter was generally positive, though, as several segments improved th ...