Investing.com - Cummins (NYSE:CMI) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Cummins announced earnings per share of $2.73 on revenue of $5.85B. Analysts polled by Investing.com anticipated EPS of $3.16 on revenue of $5.79B.
Cummins shares are up 3% from the beginning of the year and are trading at $225.00 , down-from-52-week-high.They are outperforming the S&P 500 which is down 3.71% from the start of the year.
Cummins shares lost 0.65% in pre-market trade the report.
Cummins follows other major Industrials sector earnings this month
Cummins's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $3.59 on revenue of $27.85B, compared to forecasts EPS of $3.09 on revenue of $27.06B.
Union Pacific had beat expectations on Thursday, January 20, 2022 with fourth quarter EPS of $2.66 on revenue of $5.73B, compared to forecast for EPS of $2.61 on revenue of $5.6B.
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