Investing.com - Cummins (NYSE:CMI) reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Cummins announced earnings per share of $2.92 on revenue of $6.39B. Analysts polled by Investing.com anticipated EPS of $3.55 on revenue of $6.02B.
Cummins shares are up 4% from the beginning of the year and are trading at $191.00 , down-from-52-week-high.They are outperforming the S&P 500 which is down 12.82% from the start of the year.
Cummins shares lost 2.02% in pre-market trade following the report.
Cummins follows other major Industrials sector earnings this month
Cummins's report follows an earnings beat by United Parcel Service on Tuesday, April 26, 2022, who reported EPS of $3.05 on revenue of $24.38B, compared to forecasts EPS of $2.89 on revenue of $23.82B.
Union Pacific had beat expectations on Thursday, April 21, 2022 with first quarter EPS of $2.57 on revenue of $5.86B, compared to forecast for EPS of $2.56 on revenue of $5.71B.
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