Friday, April 27, 2007

UPDATE 1-Cummins beats, raises forecast; shares surge

(Reuters) - The company also raised its full-year outlook, sending its shares surging more than 6 percent.

The Columbus, Indiana-based company reported a first-quarter profit of $143 million, or $1.42 a share, compared with $135 million, or $1.35 a share, a year earlier. Sales rose 5 percent to $2.82 billion.


Read more at Reuters.com Market News

No comments: