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ENGINE MAKERS NEWS * USA: Cummins'
* Indiana - Diesel engine maker Cummins 2nd-qtr profit, revenue rise
-- Diesel engine maker Cummins Inc reported a 4 percent rise in quarterly revenue, boosted by distributor acquisitions in North America and stronger demand in truck and bus markets... Total revenue increased to $5.02 billion in the second quarter from $4.84 billion in the same period last year... Cummins' revenue from North America jumped 12 percent in the quarter, while international sales fell by 6 percent, dragged lower by a weak economy in Brazil... Net income attributable to Cummins rose to $471 million, or $2.62 per share, from $446 million, or $2.43 per share, a year earlier... Cummins expects full-year 2015 revenues to grow between 2 percent and 4 percent... Shares of Cummins rose nearly 4 percent to $128.55 in premarket trade...
Columbus, IN, USA - Reuters, by Meredith Davis and Jeffrey Benkoe - Jul 28, 2015
Labels: engine makers
posted by Unknown @ 7:04 AM
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