Investing.com - Cummins reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Cummins announced earnings per share of $2.82 on revenue of $7.3B. Analysts polled by Investing.com anticipated EPS of $4.80 on revenue of $6.63B.
Cummins shares are down 39.61% from the beginning of the year and are trading at $226.05 , down-from-52-week-high.
Cummins shares lost 6.30% in pre-market trade the report.
Cummins follows other major Industrials sector earnings this month
Cummins's report follows an earnings beat by United Parcel Service on October 25, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on October 25 with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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