Cummins is trading 5.6% down at $445.55 after its November 5 third-quarter results missed analyst expectations for earnings and revenue.
- Revenue was $9.44 billion, below estimates of $9.89 billion. Reported earnings were $8.25 per share versus an $8.38 estimate.
- Management lowered full-year revenue growth guidance to approximately 10%, from 10%–13%, citing weak North American pickup-truck demand expected to persist through year-end.