— 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.
Most Popular
PayPal Holdings (PYPL) Q1 2021 revenue up 31%; earnings beat
PayPal Holdings Inc. (NASDAQ: PYPL) reported stronger-than-expected earnings and revenues for the first quarter of 2021. Shares of the payment service provider gained during Wednesday’s extended trading session soon after
Infographic: How Twilio (TWLO) performed in Q1 2021
Twilio (NYSE: TWLO) reported first quarter 2021 earnings results today. Revenue increased 62% year-over-year to $590 million. GAAP net loss widened to $206 million, or $1.24 per share, compared to
Uber Technologies reports Q1 loss of 6 cents per share: Infographic
Uber Technologies (NYSE: UBER) reported first-quarter 2021 financial results after the regular market hours on Wednesday. The ride-hailing company reported Q1 revenue excluding the UK accrual of $3.5 billion, up
