Cummins Inc. Q3 Profit Declines, Misses Estimates

(RTTNews) - Cummins Inc. (CMI) released earnings for third quarter that Dropped, from last year and missed the Street estimates.

The company's bottom line came in at $536 million, or $3.86 per share. This compares with $809 million, or $5.86 per share, last year.

Analysts on average had expected the company to earn $4.77 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 1.6% to $8.317 billion from $8.456 billion last year.

Cummins Inc. earnings at a glance (GAAP) :

-Earnings: $536 Mln. vs. $809 Mln. last year. -EPS: $3.86 vs. $5.86 last year. -Revenue: $8.317 Bln vs. $8.456 Bln last year.