Cummins Reports Higher 1Q Earnings, Raises Guidance
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Engine sales rose 23% to $1.82 billion. Global heavy-duty truck shipments rose 22% for the quarter, the company said.
iesel engine maker Cummins Inc. reported it earned $135 million or $2.70 a share for its first-quarter ended April 2, up from $97 million or $1.96 a year earlier.
Sales rose to $2.68 billion from $2.2 billion in the same period a year ago, the company reported Friday.
ummins also boosted its full-year earnings guidance to $12.40 and $12.60 a share, from its earlier $11.90 to $12.10 forecast.
