UPDATE 1-Cummins 3rd-quarter net up 24 percent


* 3rd-quarter profit $1.17 a share * Analysts expected $1.20 a share * Cuts full-year revenue growth forecast CHICAGO, Oct 31 (Reuters) - Cummins Inc , a U.S. maker of engines and power generators, said on Friday quarterly earnings rose 24 percent as strong overseas growth offset continued weakness in North America. But the company cut its forecast for revenue growth this year to 12 percent from 15 percent. Cummins reported a third-quarter net profit of $229 million, or $1.17 a ...

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