Why the Cummins stock jumped Tuesday | 04.02.25

Sharging Abring Off Monday weak, cummins (nyse: CMI) rebounded this morning and was negotiated 4.7% more at noon and Tuesday. While income has been beating the analysts’ estimates, its profits have not reached expectations. Worse still, Cummins expects his income to decrease in 2025. However, something about his prospects drew the attention of investors. Cummin’s turnover dropped by 1% from one year to the next to reach $ 8.4 billion in the fourth quarter. However, the company’s net profit has greatly increased to a net profit of $ 418 million, against a loss of $ 1.4 billion in the quarter of the previous year. Of course, the fourth quarter of 2023 was an exceptionally difficult quarter, because Cummins paid a heavy fine to set a trial of $ 2 billion for the installation of illegal devices that bypassed emission tests.Weiter Zum Volständigen Artikel Bei Motleyfool Weiter Zum Volständigen Artikel Bei Motleyfool