Cummins Inc. Q3 Profit Falls 10%

(RTTNews) - Cummins Inc. (CMI) announced earnings for third quarter that retreated from last year.

The company said its bottom line fell to $380 million, or $2.14 per share. This was lower than $423 million, or $2.32 per share, in last year's third quarter.

Analysts had expected the company to earn $2.60 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.5% to $4.62 billion. This was down from $4.89 billion last year.

Cummins Inc. earnings at a glance:

-Earnings (Q3): $380 Mln. vs. $423 Mln. last year. -Earnings Decline (Y-o-Y): -10.2% -EPS (Q3): $2.14 vs. $2.32 last year. -EPS Decline (Y-o-Y): -7.8% -Analysts Estimate: $2.60 -Revenue (Q3): $4.62 Bln vs. $4.89 Bln last year. -Revenue Change (Y-o-Y): -5.5%