Cummins Inc. Profit Rises In Q2

(RTTNews) - Cummins Inc. (CMI) revealed earnings for its second quarter that climbed from last year.

The company's bottom line totaled $545 million, or $3.32 per share. This compares with $424 million, or $2.53 per share, in last year's second quarter.

Analysts had expected the company to earn $3.63 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 20.7% to $6.13 billion from $5.08 billion last year.

Cummins Inc. earnings at a glance:

-Earnings (Q2): $545 Mln. vs. $424 Mln. last year. -EPS (Q2): $3.32 vs. $2.53 last year. -Analysts Estimate: $3.63 -Revenue (Q2): $6.13 Bln vs. $5.08 Bln last year.