— Cummins Inc. (NYSE: CMI) reported its fourth-quarter 2019 adjusted earnings of $2.56 per share versus $2.42 per share expected.
— Revenue fell by 9% to $5.6 billion versus $5.3 billion expected. This was hurt by lower truck production in North America and weaker demand in global construction, mining, and power generation markets.
— Sales in North America declined by 8% while international revenues decreased by 10% led by declines in Europe, Asia Pacific, Latin America, and India.
— Looking ahead into the full year 2020, the company expects revenues to be down 8-12% and EBITDA to be in the range of 14.2-15.2% of sales. The consensus estimates revenue to fall by 8.10% for the full year.
— In 2020, the company plans to return 75% of Operating Cash Flow to shareholders in the form of dividends and share repurchases.
Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per
Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus
Virgin Galactic (NYSE: SPCE) reported fourth-quarter 2020 financial results after the regular market hours on Thursday. The space tourism company reported zero revenue in the fourth quarter, compared to $529,000