Columbus-based Cummins Inc. (CMI) on Thursday reported third-quarter earnings that missed Wall Street expectations.
The company said it had profit of $2.82 per share. Earnings, adjusted for non-recurring costs, were $3.21 per share. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $4.88 per share.
Cummins’ third-quarter earnings were $400 million on revenue of $7.33 billion in the period, which topped Wall Street forecasts. A Zacks survey of eight analysts had forecast revenues of $6.96 billion.
Company leaders will discuss the quarterly results this morning.
