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Cummins profit jumps 23.4 pct
May 2, 2017 / 11:43 AM / in 7 months

Cummins profit jumps 23.4 pct

May 2 (Reuters) - Engine maker Cummins Inc reported a 23.4 percent rise in quarterly profit, helped by higher sales across its businesses.

Net income attributable to Cummins rose to $396 million, or $2.36 per share, in the first quarter ended April 2, from $321 million, or $1.87 per share, a year earlier.

Net sales rose about 7 percent to $4.59 billion.

The Columbus, Indiana-based company also raised its 2017 forecasts for revenue and earnings before interest and tax. (Reporting by Ankit Ajmera in Bengaluru; Editing by Arun Koyyur)

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