This morning the company demolished analysts expectations with a 41 cent beat . As noted the past few years, this is a 'simple' way to play emerging markets with a U.S. company, as Cummins is amongst a group of "U.S. companies" which derive roughly 2/3rds of revenue overseas.
Via Briefing.com
Cummins beats by $0.41, beats on revs; increased sales and EBIT forecast for 2011 (CMI) 106.66 : Reports Q2 (Jun) earnings of $2.41 per share, excluding items, $0.41 better than the Capital IQ Consensus Estimate of $2.00; revenues rose 20.2% year/year to $4.64 bln vs the $4.26 bln consensus. Co rasies guidance for FY11, sees FY11 revs of ~$18 bln vs. $17.34 bln.
Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins employs approximately 40,000 people worldwide and serves customers in approximately 190 countries.
[Apr 26, 2011: Cummins Breaks Out of Trading Range with Yet Another Stellar Quarter]
[Feb 1, 2011: Cummins - Strange Non Reaction to Another Very Good Quarter]
[Feb 11, 2009: WSJ - Cummins Engine Shifts Gears Amid Stall]
[Sep 23, 2007: Stock to Watch: Cummings Hitting on all Cylinders]
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