Cummins drops after second-quarter profit misses estimates

Cummins

04/08/2026 13:31

** Industrial and automotive engine maker Cummins' CMI.N shares fall 7.4% to $601 premarket   
** Co reports Q2 EPS of $6.73, misses analysts' expectations of $7.23 — LSEG data
** CMI's profit misses estimates despite strong demand for generators and an improving North American truck market
** 15 of 23 brokerages rate the stock "buy" or higher, eight "hold; their median PT is $580 — LSEG data
** Up to last close, stock had gained 27% this year

 (Reporting by Avinash P in Bengaluru)
 ((Avinash.P@thomsonreuters.com;))