UPDATE 3-Cummins 4th-qtr profit up, but disappoint market

Newswire

(Adds, analyst comments, company comments, stock action) By Nick Carey CHICAGO, Jan 30 (Reuters) - Diesel engine maker Cummins Inc. on Monday said fourth-quarter net income jumped 40 percent on soaring international demand. But stripped of tax benefits, the company's profits disappointed the market. Shares dipped nearly 3 percent before recovering. The Columbus, Indiana-based company said net profit rose to $167 million, or $3.31 per share, from $119 million, or $2.41 per share, a ...

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