
Cummins Inc. reported first-quarter earnings per share (EPS) of $5.96, surpassing the estimated $4.82, with revenue of $8.17 billion slightly above the $8.07 billion estimate. However, the company withdrew its full-year guidance, citing an increasingly challenging environment driven by tariffs. The adjusted EBITDA margin fell to 17.9% from 30.6% year-over-year. Engine sales declined 5% year-over-year, while distribution and Accelera sales increased by 15% and 11%, respectively. The withdrawal of guidance and concerns over Trump-era tariffs led to a decline in Cummins Inc. shares by over 6%. This also impacted Cummins India, whose shares dropped about 5.22%, marking their worst decline in nine months and making them the top loser on the Nifty Midcap index. The PowerGen business was noted as a drag on performance. Other companies reporting earnings included Adeia, which posted an adjusted EPS of $0.26 beating estimates but missed on sales at $87.67 million; AECOM reported a second-quarter adjusted EPS of $1.25 beating estimates but missed sales at $3.77 billion; Colliers International Group had a first-quarter adjusted EPS of $0.87 beating estimates but missed sales at $1.14 billion; and Archer-Daniels Midland reported a first-quarter adjusted EPS of $0.70 beating estimates but missed sales at $20.18 billion.
$ADM Archer-Daniels Midland Q1 Adj. EPS $0.70 Beats $0.67 Estimate Sales $20.18B Miss $21.94B Estimate
$CIGI Colliers Intl Gr Q1 Adj. EPS $0.87 Beats $0.86 Estimate Sales $1.14B Miss $1.15B Estimate
Nifty Midcap index: Cummins India shares were the top loser on the Nifty Midcap index. The shares of the diesel and alternate fuel engine maker fell nearly 5 percent on May 6, marking its worst fall in nine months. This comes after its parent company withdrew its 2025 guidance,