Cummins Inc. Reveals 23% Advance In Q1 Earnings

(RTTNews) - Cummins Inc. (CMI) reported a profit for its first quarter that gained ground compared to the same period last year.

The company said its bottom line totaled $396 million, or $2.36 per share. This was higher than $321 million, or $1.87 per share, in last year's first quarter.

The company said revenue for the quarter rose 7.0% to $4.59 billion. This was up from $4.29 billion last year.

Cummins Inc. earnings at a glance:

-Earnings (Q1): $396 Mln. vs. $321 Mln. last year. -Earnings Growth (Y-o-Y): 23.4% -EPS (Q1): $2.36 vs. $1.87 last year. -EPS Growth (Y-o-Y): 26.2% -Revenue (Q1): $4.59 Bln vs. $4.29 Bln last year. -Revenue Change (Y-o-Y): 7.0%