Cummins posts higher-than-expected 4th-qtr profit

Thu Feb 6, 2014 7:49am EST

Feb 6 (Reuters) - Cummins Inc posted higher-than-expected quarterly profit on Thursday as strong sales of engines and other vehicle components to truck makers in North America and Europe offset weakness in emerging markets, including India and Mexico.

The company reported fourth-quarter net earnings of $432 million, or $2.32 a share, up from $404 million, or $2.14 a share, during the comparable quarter last year.

Sales rose 7 percent to $4.6 billion.

Analysts, on average, expected the Columbus, Indiana-based company to post a profit $1.98 a share on sales of $4.2 billion, according to Thomson Reuters estimates.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.