Cummins Inc. Profit Declines 21% In Q4

(RTTNews) - Cummins Inc. (CMI) announced earnings for fourth quarter that lost ground from last year.

The company said its profit totaled $368 million, or $2.09 per share. This was lower than $465 million, or $2.56 per share, in last year's fourth quarter.

Analysts had expected the company to earn $2.11 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 6.3% to $4.77 billion. This was down from $5.09 billion last year.

Cummins Inc. earnings at a glance:

-Earnings (Q4): $368 Mln. vs. $465 Mln. last year. -Earnings Decline (Y-o-Y): -20.9% -EPS (Q4): $2.09 vs. $2.56 last year. -EPS Decline (Y-o-Y): -18.4% -Analysts Estimate: $2.11 -Revenue (Q4): $4.77 Bln vs. $5.09 Bln last year. -Revenue Change (Y-o-Y): -6.3%