Cummins is a global leader in the design and manufacture of engines and power generation equipment
The company specializes in providing advanced diesel and alternative fuel engines for a wide range of applications, including commercial vehicles, construction and agriculture, and industrial markets. Cummins also offers a variety of related products and services, such as filtration systems, emission solutions, and power generation technologies, focusing on sustainability and innovation to meet the evolving energy demands of customers worldwide. Through its commitment to research and development, Cummins plays a key role in driving advancements in engine efficiency, performance, and environmental stewardship.
The power solutions provider’s fourth-quarter revenue of $8.45 billion beat the average analysts’ estimate of $8.09 billion, according to FinChat data.
Engine manufacturer Cummins (NYSECMI) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, but sales fell by 1.1% year on year to $8.45 billion. Its GAAP profit of $3.02 per share was 34.9% below analysts’ consensus estimates.
The US market is yet to commence its session on Tuesday, but let's get a preview of the pre-market session and explore the top S&P500 gainers and losers driving the early market movements.
U.S. stocks advanced midday Tuesday, demonstrating resilience despite escalating geopolitical tensions and trade uncertainties between the world’s two largest economies.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at heavy transportation equipment stocks, starting with Douglas Dynamics (NYSEPLOW).
Over the past six months, Cummins has been a great trade, beating the S&P 500 by 16.4%. Its stock price has climbed to $364.40, representing a healthy 21.7% increase. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the heavy transportation equipment industry, including Wabtec (NYSEWAB) and its peers.
