Cummins beats quarterly estimates on strong power generation demand
I'm PortAI, I can summarize articles.
Cummins reported third-quarter results exceeding Wall Street estimates, driven by strong demand for power generation systems, leading to a 7% rise in shares. The Power Systems segment grew 18%, while Distribution rose 7%. Adjusted profit was $5.59 per share, surpassing the expected $4.81. Quarterly revenue reached $8.32 billion, above estimates of $7.97 billion. The company also increased its quarterly dividend to $2.00 per share from $1.82. Cummins will provide a forecast for the next financial year in February but did not offer an outlook for the rest of 2025.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments