Investing.com - Cummins (NYSE:CMI) reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Cummins announced earnings per share of $3.69 on revenue of $5.97B. Analysts polled by Investing.com anticipated EPS of $3.93 on revenue of $5.87B.
Cummins shares are up 8% from the beginning of the year and are trading at $246.00 , down-from-52-week-high.They are under-performing the S&P 500 which is up 22.83% from the start of the year.
Cummins shares gained 0.27% 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 Wednesday, October 20, 2021, who reported EPS of $4.97 on revenue of $6.1B, compared to forecasts EPS of $4.61 on revenue of $6.19B.
Honeywell had beat expectations on Friday, October 22, 2021 with third quarter EPS of $2.02 on revenue of $8.47B, compared to forecast for EPS of $1.99 on revenue of $8.66B.
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