U.S. truck engine maker Cummins Inc
missed Wall Street estimates for first-quarter sales on
Thursday, dragged down by waning demand in China and weak
freight activity. The company has.
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Cummins reports first quarter results - The Republic News therepublic.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therepublic.com Daily Mail and Mail on Sunday newspapers.
Cummins reported a slight sales decline of 0.6% YoY in Q1 2024, missing consensus. Sales in NA were flat, international down 1%. Adjusted EPS of $5.10 missed consensus.
Cummins saw its first quarter revenue drop by 1% on a year-over-year basis. Its profit was way up due to one-time gains from the spinoff of its filtration business.