Cummins Inc. Bottom Line Falls 13% In Q1

(RTTNews) - Cummins Inc. (CMI) revealed a profit for first quarter that decreased from last year.

The company said its profit came in at $321 million, or $1.87 per share. This was lower than $369 million, or $2.04 per share, in last year's first quarter.

The company said revenue for the quarter fell 8.9% to $4.29 billion. This was down from $4.71 billion last year.

Cummins Inc. earnings at a glance:

-Earnings (Q1): $321 Mln. vs. $369 Mln. last year. -Earnings Decline (Y-o-Y): -13.0% -EPS (Q1): $1.87 vs. $2.04 last year. -EPS Decline (Y-o-Y): -8.3% -Revenue (Q1): $4.29 Bln vs. $4.71 Bln last year. -Revenue Change (Y-o-Y): -8.9%