Cummins: Q4 Earnings Snapshot
COLUMBUS, Ind. (AP) — COLUMBUS, Ind. (AP) — Cummins Inc. (CMI) on Tuesday reported a loss of $1.43 billion in its fourth quarter.
The Columbus, Indiana-based company said it had a loss of $10.01 per share. Earnings, adjusted for non-recurring costs, were $4.14 per share.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $4.41 per share.
The engine maker posted revenue of $8.54 billion in the period, beating Street forecasts. Seven analysts surveyed by Zacks expected $8.08 billion.
For the year, the company reported profit of $735 million, or $5.15 per share. Revenue was reported as $34.07 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMI at https://www.zacks.com/ap/CMI