Cummins: Q2 Earnings Snapshot

August 2, 2022 GMT

COLUMBUS, Ind. (AP) _ Cummins Inc. (CMI) on Tuesday reported second-quarter net income of $702 million.

The Columbus, Indiana-based company said it had profit of $4.94 per share. Earnings, adjusted for non-recurring gains, came to $4.77 per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $4.37 per share.

The engine maker posted revenue of $6.59 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $6.48 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMI at https://www.zacks.com/ap/CMI