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 companyâ€™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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