shares of cummins inc cmi climbed 19 toward a near sixmonth high in premarket trading tuesday after the maker of diesel natural gas and new power engines reported record secondquarter revenue and solid profit that rose above expectations as demand outside of china remained strong net income increased to 702 million or 494 a share from 600 million or 410 a share in the yearago period the pershare results included 16 cents in costs related to the separation of the filtration business and a 33cent benefit from adjusting reserves related to the suspension of russia operations the factset consensus for earnings per share was 435 revenue grew 78 to 659 billion above the factset consensus of 648 billion as engine distribution and power systems sales beat expectations and components sales were in line north america sales rose 15 while international sales fell 2 due primarily to a slowdown in china and the indefinite suspension of russia operations cost of sales rose less than revenue up 49 to 486 billion as gross margin improved to 262 from 242 the company affirmed its 2022 revenue growth outlook of 8 while the current factset consensus of 2596 billion implies 81 growth the company achieved record revenues and solid profitability in the second quarter of 2022 with demand for our products remaining strong across most of our key markets and regions apart from china said chief executive jennifer rumsey the stock has surged 118 over the past three months through monday while the sp 500 spx has lost 09