ADVFN - Advanced Financial Network.
HOME» NYSE » C » CMI Stock Price » CMI Stock News

Cummins Share News

 Cummins, Inc. Stock Price
CMI Stock Price
 Cummins, Inc. Stock Chart
CMI Stock Chart
 Cummins, Inc. Stock News
CMI Stock News
 Cummins, Inc. Company Information
CMI Company Information
 Cummins, Inc. Stock Trades
CMI Stock Trades

Cummins 4Q Profit Jumps 51% On North American Demand

DOW JONES NEWSWIRES Cummins Inc.'s (CMI) fourth-quarter profit rose 51% as the company's North American market continued to show strength. Shares were up 2.5% at $108.50 in premarket trading on much stronger-than-expected results. Cummins' earnings have soared over the past two years as stronger demand for truck engines and parts in North America and other key markets drives stronger sales. The maker of truck engines and power generation systems has also earned a string of credit upgrades from bond-rating agencies as its debt metrics and profitability improve. Cummins reported a profit of $548 million or $2.86 a share, up from $362 million, or $1.84 a share, a year earlier. Excluding gains from business sales and insurance recovery, per-share earnings rose to $2.56 in the latest quarter as revenue rose 19% to $4.92 billion. Analysts polled by Thomson Reuters expected $2.23 a share and $4.71 billion, respectively. Gross margin widened to 25.2% from 23.8%. Sales in the engines business, the company's largest top-line contributor, climbed 23% on strong demand for oil and gas engines in North America and expanding mining engine use around the world. Revenue from components was up 19%, also on demand from North America. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Cummins (CMI)
DateTimeHeadline
02/05/201603:02:00Engine Maker Cummins Hit by Slowing Truck Sales
02/04/201616:04:00Cummins Profit Falls on Weak Demand and Commodities Prices...
02/04/201610:26:00Correction to Cummins Earnings Story
02/04/201609:00:00Cummins Scales Back Light Duty Truck Production as Profit Sinks
02/04/201608:54:00Cummins Scales Back Light Duty Truck Production as Profit Sinks
02/04/201607:49:13Current Report Filing (8-k)
02/04/201607:30:00Cummins Announces Financial Results for the Fourth Quarter and...
01/15/201609:23:38Annual Statement of Changes in Beneficial Ownership (5)
01/11/201610:07:55Cummins announces first sites to achieve 'Zero Disposal'
12/01/201520:48:45Why Cummins, Breitburn Energy Partners, and Joy Global Slumped...
12/01/201503:02:00Firms Shy Away From Spending
11/27/201515:00:045 Crucial Things PACCAR Inc. Management Wants You to Know
11/25/201510:48:17Current Report Filing (8-k)
11/18/201511:06:03Cummins Inc. Stock Hits a 52-Week Low: Could It Fall Further?
11/16/201517:03:20Current Report Filing (8-k)
11/16/201513:01:42Statement of Changes in Beneficial Ownership (4)
11/14/201509:01:02Despite Potholes, Westport Innovations Inc. Is Still on the Road
11/10/201512:03:04Cummins discusses plans to drive shareholder value at meeting...
11/01/201518:50:34My Defensive Stock Want To Add To Buy List With Mini-Evaluation...
11/01/201507:50:08Generac Powers Up With Long-Awaited Growth

Cummins and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad