Cummins reports Q1 profit of $790 million

COLUMBUS, Ind. (AP) — Cummins Inc. (CMI) on Tuesday reported first-quarter profit of $790 million.

On a per-share basis, the Columbus, Indiana-based company said it had net income of $5.55.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $4.81 per share.

The engine maker posted revenue of $8.45 billion in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $8.03 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research.