Investing.com - Cummins reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cummins announced earnings per share of $4.07 on revenue of $6.09B. Analysts polled by Investing.com anticipated EPS of $3.47 on revenue of $5.38B.
Cummins shares are up 21% from the beginning of the year and are trading at $251.80 , down-from-52-week-high.They are outperforming the S&P 500 which is up 11.62% from the start of the year.
Cummins shares lost 0.72% 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 April 21, who reported EPS of $3.86 on revenue of $5.25B, compared to forecasts EPS of $3.07 on revenue of $4.81B.
Honeywell had beat expectations on April 23 with first quarter EPS of $1.92 on revenue of $8.45B, compared to forecast for EPS of $1.8 on revenue of $8.08B.
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