Cummins falls after 2025 financial forecast withdrawal

ReutersMay 5, 2025 12:42 PM

Shares of U.S. truck engine maker Cummins CMI.N fall 1% to $297 premarket

Co withdraws 2025 forecast as the industry grapples with the mounting uncertainty generated by U.S. President Donald Trump's sweeping import tariffs

Co posts Q1 net income of $824 mln, or $5.96/share, compared to $2 bln, or $14.03 apiece last year

CMI posts Q1 net sales of $8.17 bln, slightly below the estimate of $8.19 bln, according to data compiled by LSEG

8 of 24 brokerages rate the stock "buy" or higher, 15 "hold" and 1 "sell"; their median PT is $331.50 - LSEG

As of last close, stock had fallen 14% YTD

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