07 April 1999
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.