Investing.com - Cummins reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Cummins announced earnings per share of $3.69 on revenue of $5.97B. Analysts polled by Investing.com anticipated EPS of $3.93 on revenue of $5.87B.
Cummins shares are up 8% from the beginning of the year and are trading at $246.00 , down-from-52-week-high.They are under-performing the S&P 500 which is up 22.83% from the start of the year.
Cummins shares gained 0.27% in pre-market trade the report.
Cummins follows other major Capital Goods sector earnings this month
Cummins's report follows an earnings beat by ASML ADR on October 20, who reported EPS of $4.97 on revenue of $6.1B, compared to forecasts EPS of $4.61 on revenue of $6.19B.
Honeywell had beat expectations on October 22 with third quarter EPS of $2.02 on revenue of $8.47B, compared to forecast for EPS of $1.99 on revenue of $8.66B.
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