Cummins Inc
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Industrials : Machinery | Large Cap ValueCompany profile

Cummins Inc. designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products. The Company's segments include Engine, Distribution, Components and Power Systems. The Engine segment manufactures and markets a range of diesel and natural gas powered engines under the Cummins brand name, as well as certain customer brand names, for the heavy and medium-duty truck, bus, recreational vehicle (RV), light-duty automotive and agricultural markets. The Distribution segment consists of the product lines, which service and/or distribute a range of products and services, including parts, engines, power generation and service. The Components segment supplies products, including aftertreatment systems, turbochargers, filtration products and fuel systems for commercial diesel applications. The Power Systems segment consists of businesses, including Power generation, Industrial and Generator technologies.

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GE's stock falls again, extends post-earnings loss streak to 5 sessions

10:37 am ET August 6, 2019 (MarketWatch)

Shares of General Electric Co. (GE) fell 1.4% in morning trading Tuesday, to put them on track to stretch its post-earnings-report losing streak to five sessions. The industrial conglomerate's stock has now shed 9.5% since GE reported second-quarter results. The company had reported before last Wednesday's open ( an adjusted profit and revenue that beat expectations, and raised its full-year cash flow guidance, but said showed that its power business continued to struggle, said the negative impact of the grounding of Boeing Co.'s (BA) 737 Max planes would ramp up in the second half of the year and that CFO Jamie Miller was leaving after less than two years in the role. The stock has initially rallied as much as 2.6% on Wednesday after the results, but reversed course to close down 0.7% that day. The stock has now shed 8.7% over the past three months, while the SPDR Industrial Select Sector ETF (XLI) has slipped 4.4% and the Dow Jones Industrial Average has eased 2.3%.

-Tomi Kilgore; 415-439-6400;

(END) Dow Jones Newswires

August 06, 2019 10:37 ET (14:37 GMT)

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