UPDATE 1-Cummins reports higher 2nd-qtr net, raises outlook

Newswire

(Adds details on raised forecast) CHICAGO, July 27 (Reuters) - Cummins Inc. , the U.S. diesel engine maker, said on Thursday its earnings in the second quarter rose 56 percent, thanks in part to strong sales to makers of off-highway equipment. The company also raised its forecast for full-year earnings, saying its markets worldwide were "strong." Cummins reported a second-quarter profit of $220 million, or $4.38 a share, up from $141 million, or $2.83 cents, during the same quarter ...

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