Cummins Engine sees earnings rise
CUMMINS Engine has pleased Wall Street with a forecast that it will beat its earnings forecast for the first-quarter by making about 63¢ a share – 5¢ more than anticipated.
The worlds largest maker of diesel machines above 200 horsepower said the earnings improvement would come despite the impact of increased costs.
Cummins earned $7m, or 18¢ a share, on $1.5bn in sales, for the first quarter of 1998.
- Caterpillar and Cummins adopt different approaches, FWi I>, 2 July 1998
- Cummins to invest in light diesels, FWi, 27 April
- Financial Times 07/04/99 page 26