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Feb 13, 2017

CUMMIN'S REPORT * USA: Profit $ 378M

* Indiana - Cummins profit rises, helped by cost cuts

--- Cummins Inc. reported higher-than-expected earnings for the fourth quarter despite declining revenue amid a slowdown in North American truck production... The engine manufacturer expects poor market conditions to continue into 2017 and said the first quarter will likely be a low point for the fiscal year... In all, Cummins reported a profit of $378 million, or $2.25 a share, up from $161 million, or 92 cents, a year earlier. Revenue dropped 5.5% to $4.5 billion... 
 (Photo: CUMMINS trucks engines production line USA)  --   Columbus, IND, USA - The Morning Star, by Imani Moise - 9 Feb 2017

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