Investing.com - Cummins (NYSE:CMI) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cummins announced earnings per share of $3.36 on revenue of $5.12B. Analysts polled by Investing.com anticipated EPS of $2.42 on revenue of $4.5B.
Cummins shares are up 23% from the beginning of the year and are trading at $231.00 , down-from-52-week-high.They are outperforming the S&P 500 which is up 5.27% from the start of the year.
Cummins shares gained 4.68% in pre-market trade following the report.
Cummins follows other major Capital Goods sector earnings this month
Cummins's report follows an earnings beat by ASML ADR on Wednesday, October 14, 2020, who reported EPS of $2.99 on revenue of $4.65B, compared to forecasts EPS of $2.64 on revenue of $4.36B.
Lockheed Martin had beat expectations on Tuesday, October 20, 2020 with third quarter EPS of $6.25 on revenue of $16.5B, compared to forecast for EPS of $6.09 on revenue of $16.11B.
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