UPDATE 1-Cummins halves reported Q4 profit on warranty costs


* Says Q4 net income reduced by $46 mln, or $0.23/shr * Says Q4 EBIT falls by $73 million Feb 25 (Reuters) - Cummins Inc , which makes power generators and engines for large trucks, halved its reported fourth-quarter earnings to reflect higher warranty liability on costs related to product repair. The warranty liability increased by $82 million to reflect a change in estimated costs primarily for mid-range engine products launched in 2007, the company said in a statement. The company ...

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