Cummins Q2 2024 GAAP EPS $5.26 Beats $4.76 Estimate, Sales $8.796B Beat $8.343B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cummins (NYSE:CMI) reported Q2 2024 GAAP EPS of $5.26, beating the $4.76 estimate. Sales were $8.796 billion, surpassing the $8.343 billion estimate and showing a 1.83% increase from the same period last year.
August 01, 2024 | 11:31 am
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Cummins reported strong Q2 2024 earnings with GAAP EPS of $5.26, beating estimates by 10.5%. Sales of $8.796 billion also exceeded expectations and increased 1.83% YoY.
Cummins' strong earnings and revenue performance, beating analyst estimates, is likely to positively impact its stock price in the short term. The 10.5% EPS beat and 5.42% revenue beat indicate robust financial health and operational efficiency.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100