Cummins (CMI) Breaks Out of Trading Range with Yet Another Stellar Quarter
Posted on April 26, 2011 at 14:34 PM EDT
Cummins (CMI) is one of the least appreciated plays on global growth, but this morning reported yet another stellar quarter, beating analysts’ expectations by 36 cents; $1.75 v $1.44. Nearly two thirds of sales are now outside the U.S., and the growth rates in some countries (China +66%, Brazil +39%, India +31%) are astounding. Revenue [...]