Cummins Q4 Adj. EPS $4.14 Misses $4.48 Estimate, Sales $8.54B Beat $8.14B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cummins Inc. (CMI) reported Q4 adjusted earnings of $4.14 per share, missing the consensus estimate of $4.48, marking a 7.59% miss and an 8.41% decrease from last year's earnings. However, their quarterly sales of $8.54 billion exceeded expectations by 4.95%, showing a 9.95% increase from the previous year.
February 06, 2024 | 12:33 pm
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Cummins Inc. reported lower-than-expected Q4 earnings but surpassed sales forecasts, indicating mixed financial performance.
The miss in earnings per share (EPS) could negatively impact investor sentiment and stock price in the short term. However, the beat on sales forecasts and the year-over-year sales growth could offset some of the negative impact, leading to a neutral short-term outlook.
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