Cummins Q3 profit jumps 53%, beats estimates

Cummins Inc. (CMI) posted a 53% jump in earnings for the third quarter driven by higher demand in a number of key markets, market share growth and the benefits of cost reduction initiatives. The results exceeded analysts’ expectations. The engine maker maintained its full-year 2018 revenue outlook. Net income soared 53% to $692 million and … Continue reading Cummins Q3 profit jumps 53%, beats estimates