Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Cummins Rises After Outlook Exceeds Estimates: Detroit Mover

Feb. 2 (Bloomberg) -- Cummins Inc. rose the most in more than two months after the maker of diesel engines reported a sales forecast that topped analysts’ estimates, boosted by growth in the construction, power generation and oil and gas markets.

Cummins gained 7.1 percent to $113.31 at the close in New York, the biggest climb since Nov. 30. The shares have risen 29 percent this year after sliding 20 percent in 2011.

Sales this year will rise 10 percent, the company said in a statement. Based on 2011 revenue of slightly more than $18 billion, 2012 sales would total $19.9 billion. The average estimate of 13 analysts surveyed by Bloomberg was for $19.6 billion.

Fourth-quarter net income jumped to $548 million, or $2.86 a share, from $362 million, or $1.84 a share, a year earlier. Excluding some items, profit was $2.56 a share, compared with $2.24, the average estimate of 15 analysts.

Sales rose 19 percent to $4.92 billion, as the Columbus, Indiana-based company increased engine sales in North America. Analysts estimated sales of $4.74 billion in the quarter, the average of 11 estimates in a Bloomberg survey.

To contact the reporter on this story: Mark Clothier in Lombard, Illinois, at

To contact the editor responsible for this story: Jamie Butters at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.