Cummins' Q2 Earnings, Net Sales Rise; 2024 Revenue Guidance Revised-February 2024-www.financetom.com

Cummins' Q2 Earnings, Net Sales Rise; 2024 Revenue Guidance Revised

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Cummins' Q2 Earnings, Net Sales Rise; 2024 Revenue Guidance Revised

Aug 1, 2024 5:47 AM

08:19 AM EDT, 08/01/2024 (MT Newswires) -- Cummins (CMI) reported Q2 earnings Thursday of $5.26 per diluted share, up from $5.05 a year earlier.

Analysts surveyed by Capital IQ expected $4.76.

Net sales for the quarter ended June 30 were $8.80 billion, up from $8.64 billion a year earlier.

Analysts surveyed by Capital IQ expected $8.35 billion.

For full-year 2024, the company said it now expects its revenue to decline by 0% to 3%, compared with its prior range of a 2% to 5% decline.

Shares of the company were up more than 4% in recent premarket activity Thursday.

Price: 305.00, Change: +13.20, Percent Change: +4.52

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