Cummins

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Reuters - 1 week ago

Allison Transmission Partners With Cummins On New Electric Hybrid Drivetrain To Serve Transit Market Starting In 2027

BRIEF-Allison Transmission Partners With Cummins On New Electric Hybrid Drivetrain To Serve Transit Market Starting In 2027 Sept 11 (Reuters) - Allison Transmission Holdings Inc ALSN.N : ALLISON TRANSMISSION PARTNERS WITH CUMMINS ON NEW ELECTRIC HYBRID DRIVETRAIN TO SERVE TRANSIT MARKET STARTING IN 2027 ALLISON TRANSMISSION- CO, CUMMINS TO INTEGRAT

Reuters - 3 weeks ago

U.S. First BanCorp, Kellanova, Popular

U.S. RESEARCH ROUNDUP- First BanCorp, Kellanova, Popular Aug 26 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including First BanCorp, Kellanova and Popular, on Monday. HIGHLIGHTS * Crowdstrike CRWD.O : Rosenblatt Securities cuts target price to $330 from $350 * First BanCorp FBP.N : Piper Sandler assumes coverage with neutral rating * Kellanova K.N : D.A.

Reuters - 4 weeks ago

Palm falls on weak soyoil, set to post weekly gain

VEGOILS-Palm falls on weak soyoil, set to post weekly gain JAKARTA, Aug 23 (Reuters) - Malaysian palm oil futures fell on Friday, snapping two straight session of gains, tracking weak soyoil in Dalian and Chicago markets but were headed for their first weekly gain in five weeks. The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange lost 25 ringgit, or 0.65%, to 3,810 ringgit ($869.66)a metric ton by 0231 GMT.

Reuters - 4 weeks ago

Gold edges higher ahead of Powell's speech, but set for weekly fall

PRECIOUS-Gold edges higher ahead of Powell's speech, but set for weekly fall Aug 23 (Reuters) - Gold prices inched higher on Friday, but were set for a weekly loss as investors looked forward to U.S. Federal Reserve Chair Jerome Powell's speech at Jackson Hole, Wyoming, for more cues on the scale of a likely September rate cut. FUNDAMENTALS * Spot gold XAU= rose 0.2% to $2,488.59 per ounce by 0036 GMT.

Reuters - 4 weeks ago

U.S. Autodesk, Crowdstrike, Oshkosh

U.S. RESEARCH ROUNDUP-Autodesk, Crowdstrike, Oshkosh Aug 19 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Autodesk, Crowdstrike and Oshkosh, on Monday. HIGHLIGHTS * Autodesk Inc ADSK.O : RBC raises target price to $290 from $260 * Crowdstrike CRWD.O : RBC cuts target price to $345 from $380 * Oshkosh Corp OSK.N : Evercore ISI cuts target price to $119 from $137 * Vitesse Energy VTS.N : Gerdes Energy Research initia

Reuters - 1 month ago

Lawyer who tipped SEC can't claim whistleblower award, US appeals court rules

Lawyer who tipped SEC can't claim whistleblower award, US appeals court rules By Mike Scarcella Aug 16 (Reuters) - A corporate attorney who tipped off the U.S. Securities and Exchange Commission to possible fraud involving his company was properly denied eligibility to collect a whistleblower award, an appeals court said in a ruling unsealed on Friday.

Reuters - 1 month ago

Saudi's PIF Cuts Share Stake In Visa, Cummins & Ups Share Stake In Nu Holdings Ltd

BRIEF-Saudi's PIF Cuts Share Stake In Visa, Cummins & Ups Share Stake In Nu Holdings Ltd Aug 14 (Reuters) - SAUDI'S PIF: SAUDI'S PIF CUTS SHARE STAKE IN VISA INC BY 11.7% TO 802,300 CLASS A SHARES SAUDI'S PIF CUTS SHARE STAKE IN CUMMINS INC BY 9% TO 1.6 MILLION SHARES SAUDI'S PIF RAISES SHARE STAKE IN NU HOLDINGS LTD BY 223.1% TO 3.8 MILLION CLASS

Reuters - 1 month ago

Cummins India jumps on Q1 profit surge

BUZZ-Cummins India jumps on Q1 profit surge ** Shares of Cummins India CUMM.NS up 8% to 3,803.9 rupees ** Stock eyes best day since early Feb. ** The power generator maker's Q1 profit surged 31% on strong domestic demand ** Over 2.4 mln shares traded, 2.6x the 30-day avg ** Analysts' avg rating on stock is "Hold", median PT is 3,235 rupees, an 8% d

Reuters - 1 month ago

India economic, corporate events on August 7

DIARY- India economic, corporate events on August 7 BENGALURU, Aug 7 (Reuters) - Diary of India economic, corporate events on August 7. ECONOMIC, CORPORATE .BSE500 EVENTS: Key Speaker Local Time Location India commerce minister 0930 BIMSTEC Business Summit, New Delhi India financial services secretary 1000 Industry body FICCI event, New Delhi RIC Local Start Date Local Time Indicator Name Period Reuters Poll Prior INM3MS=ECI 7 Aug 2024 17:00 M3 Money Supply 26 Jul, w/e 10.7% Start Date Start Tim

Reuters - 1 month ago

Cummins India's quarterly profit rises on higher demand for power generators

Cummins India's quarterly profit rises on higher demand for power generators BENGALURU, Aug 6 (Reuters) - Cummins India CUMM.NS , a unit of U.S.- based truck engine maker Cummins CMI.N , reported a 31% surge in first-quarter profit, driven by increasing domestic demand for its power generators. The company's consolidated profit after tax rose to 4.63 billion rupees (about $55 million) in the three months ended June 30 from 3.54 rupees a year earlier.

Reuters - 1 month ago

India economic, corporate events on August 6

DIARY- India economic, corporate events on August 6 BENGALURU, Aug 6 (Reuters) - Diary of India economic, corporate events on August 6. ECONOMIC, CORPORATE .BSE500 EVENTS: Start Date Start Time RIC Company Name Event Name 06-Aug-2024 NTS BATA.NS Bata India Ltd Q1 2025 Bata India Ltd Earnings Release 06-Aug-2024 NTS BOSH.NS Bosch Ltd Q1 2025 Bosch L

Reuters - 2 months ago

U.S. Apple, Centerpoint Energy, Cummins

U.S. RESEARCH ROUNDUP-Apple, Centerpoint Energy, Cummins Aug 2 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies including Apple, Centerpoint Energy and Cummins, on Friday. HIGHLIGHTS * Apple Inc AAPL.O : Wedbush raises target price to $285 from $275 * Centerpoint Energy CNP.N : JP Morgan cuts to neutral from overweight * Cummins CMI.N : Jefferies raises target price to $365 from $345 * Motorola MSI.N : JP Morgan raises target pr

Reuters - 2 months ago

Cummins raises full-year outlook as demand picks up steam

Cummins raises full-year outlook as demand picks up steam Aug 1 (Reuters) - U.S. truck engine maker Cummins Inc CMI.N on Thursday beat second-quarter estimates and forecast improved revenue margins boosted by demand in the power generation market, sending its shares up 4.6% in early trading. Better than expected demand for the company's industrial applications, particularly in the mining sector, drove up sales for its power systems segment by 9% to $1.6 billion in the quarter.

Reuters - 2 months ago

Cummins rises on upbeat results, forecast raise

BUZZ-Cummins rises on upbeat results, forecast raise ** Auto and truck parts maker Cummins CMI.N shares rise 5.9% to $308.9 premarket ** Co reports Q2 revenue of $8.8 bln, above analysts' estimates of $8.34 bln - LSEG ** On an adjusted basis, the company earned $5.26/shr, beating estimates of $4.81/shr ** The engine maker also raised its full-year

Reuters - 2 months ago

Cummins Q2 Sales USD 8,800 Million Vs. IBES Estimate USD 8,343 Million

BRIEF-Cummins Q2 Sales USD 8,800 Million Vs. IBES Estimate USD 8,343 Million Aug 01 (Reuters) - Cummins Q2 net income USD 752 million. Q2 EBITDA USD 1,300 million Q2 EPS USD 5.26

Reuters - 2 months ago

Big truckmakers bet on hydrogen to extend combustion engine life

FOCUS-Big truckmakers bet on hydrogen to extend combustion engine life By Christina Amann and Nick Carey BERLIN/LONDON, Aug. 1 (Reuters) - Some of the world's biggest truckmakers, including Volvo and MAN , are reworking combustion engines to run on low-emission hydrogen instead of polluting diesel, a quicker low-cost fix to their energy transition challenge that may give the dying technology a fresh lease of life.

Reuters - 2 months ago

Cummins Inc <CMI.N> expected to post earnings of $4.81 a share - Earnings Preview

Cummins Inc expected to post earnings of $4.81 a share - Earnings Preview Cummins Inc CMI.N , CMI is expected to show a fall in quarterly revenue when it reports results on August 1 for the period ending June 30 2024 The Columbus Indiana-based company is expected to report a 3.4% decrease in revenue to $8.343 billion from $8.64 billion a year ago, according to the mean estimate from 15 analysts, based on LSEG data.

Reuters - 2 months ago

Palm oil eases for second day on higher Malaysia supply prospects

VEGOILS-Palm oil eases for second day on higher Malaysia supply prospects BEIJING, July 24 (Reuters) - Malaysian palm oil futures fell for a second day on Wednesday, pressured by prospects of higher output in the world's second largest producer. The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange slid 18 ringgit, or 0.45%, to 3,951 ringgit ($845.86) a ton during early trade.

Reuters - 2 months ago

Gold prices flat ahead of US economic data

PRECIOUS-Gold prices flat ahead of US economic data July 24(Reuters) - Gold prices were flat in early Asian trade on Wednesday, with investors awaiting U.S. economic data that could influence the Federal Reserve's rate-cut timeline. FUNDAMENTALS * Spot gold XAU= was little changed at $2,409.66 per ounce, as of 0032 GMT. U.S. gold futures GCcv1 ticked 0.1% higher to $2,410.50. * The Fed will cut interest rates just twice this year, in September and December, as resilient U.S.

Reuters - 2 months ago

Brazilian miner Vale partners with Komatsu, Cummins to develop low-emission trucks

Brazilian miner Vale partners with Komatsu, Cummins to develop low-emission trucks July 11 (Reuters) - Brazilian mining giant Vale VALE3.SA said on Thursday it has partnered with Japan's Komatsu 6301.T and U.S.-based Cummins CMI.N to develop and test haul trucks powered by a mixture of ethanol and diesel. The dual-fuel engines made by Cummins will be retrofitted to the mining company's existing fleet of diesel-powered haul trucks, making them capable of using up to 70% ethanol and reducing direc

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