Cummins beats by $0.34, beats on revs; guides FY14 revs slightly below consensus
Reports Q4 (Dec) earnings of $2.32 per share, $0.34 better than the Capital IQ Consensus Estimate of $1.98; revenues rose 6.9% year/year to $4.59 bln vs the $4.22 bln consensus. Co expects 2014 EBIT to be in the range of 12.75 to 13.25 percent of sales; sees FY14 revs of +4-8% to ~$17.99-18.68 bln vs. $18.75 bln Capital IQ Consensus Estimate. Co and plans to return 50 percent of Operating Cash Flow to shareholders in 2014.