UPDATE 3-Cummins profit drops sharply, shares tumble 5 pct

Newswire

* Weak demand in North America drives revenue drop * Company sticks to full-year forecast * Shares down more than 5 percent April 30 (Reuters) - Cummins Inc reported a sharper-than-expected drop in first-quarter earnings on Tuesday, citing weak demand for its turbines and engines, especially from the mining and oil and gas industries. The company's shares tumbled 5 percent in morning trading. Cummins, which makes ...

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