08:34 AM EDT, 05/02/2024 (MT Newswires) -- Cummins (CMI) reported Q1 earnings Thursday of $14.03 per diluted share, up from $5.55 a year earlier.

Analysts polled by Capital IQ expected $5.25.

Net sales for the quarter ended March 31 were $8.40 billion, down from $8.45 billion a year earlier.

Analysts surveyed by Capital IQ expected $8.45 billion.

Cummins said it continues to expect full-year 2024 revenue to decline by 2% to 5%. Analysts polled by Capital IQ expect $32.79 billion.

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