Investing.com - Cummins reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cummins announced earnings per share of $3.36 on revenue of $5.12B. Analysts polled by Investing.com anticipated EPS of $2.42 on revenue of $4.5B.
Cummins shares are up 23% from the beginning of the year and are trading at $231.00 , down-from-52-week-high.They are outperforming the S&P 500 which is up 5.27% from the start of the year.
Cummins shares gained 4.68% 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 14, who reported EPS of $2.99 on revenue of $4.65B, compared to forecasts EPS of $2.64 on revenue of $4.36B.
Lockheed Martin had beat expectations on October 20 with third quarter EPS of $6.25 on revenue of $16.5B, compared to forecast for EPS of $6.09 on revenue of $16.11B.
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