Why Cummins Stock Putt-Putted Up 10% This Morning
It's earnings season on Wall Street, and industrial stocks are on deck. This morning, engine maker Cummins (NYSE: CMI) reported its first-quarter 2020 results. Its stock popped more than 10% in early trading and remains up 8.9% as of 10:30 a.m. EDT.
Cummins reported earning $3.18 per share (pro forma) on sales of $5 billion for the quarter, both numbers ahead of the $2.16 on $4.9 billion in sales that analysts had predicted.
Image source: Getty Images.
Source Fool.com
