Cummins Q2 Results Beat Estimates - Quick Facts

(RTTNews) - Cummins Inc. (CMI) Tuesday said its second-quarter net income attributable to the company grew to $471 million or $2.62 per share from $446 million or $2.43 per share in the second quarter of 2014.

On average, 25 analysts polled by Thomson Reuters expected earnings of $2.55 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue rose 4 percent to $5.0 billion from $4.84 billion, driven by stronger demand in on-highway markets and distributor acquisitions in North America. Analysts expected revenues of $4.94 billion.

Currency negatively impacted revenues by 4 percent, primarily due to a stronger US dollar.

Based on the current forecast, Cummins expects full year 2015 revenues to grow between 2 and 4 percent, and EBIT to be in the range of 13.5 to 14.0 percent of sales.