On the evening of July 28, 2015, Beijing time, Cummins Corporation (CMI), a manufacturer of diesel engine and power generation equipment, released its financial report on Tuesday, reporting a 5.6% increase in second-quarter earnings. The strong demand in North America and mergers and acquisitions offset Brazil and other foreign countries. The market is weak.
The company’s net profit for the quarter increased from US$446 million, or US$2.43 per share, to US$471 million, or US$2.62 per share, which was higher than the average forecast of US$2.55 per analyst accepted by Thomson Reuters.
Revenue increased by 3.7% to 5.02 billion U.S. dollars, which was higher than the average analyst estimate of 4.94 billion U.S. dollars.
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