Cummins shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results.
Portfolio Pulse from Benzinga Newsdesk
Cummins Inc. reported lower than expected Q2 adjusted EPS results, leading to a decrease in its share price.
August 04, 2023 | 1:40 pm
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Cummins' Q2 adjusted EPS results were lower than expected, causing a drop in its share price.
Cummins' lower than expected Q2 earnings per share (EPS) results indicate that the company's profitability is not as high as investors anticipated. This negative financial performance is likely to decrease investor confidence, leading to a drop in the company's share price.
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