UPDATE 3-Cummins profit falls on slower engine sales

Newswire

(Recasts first sentence, adds analyst comments, share movement, byline) By Susan Kelly CHICAGO, Oct 28 (Reuters) - Diesel engine maker Cummins Inc. on Tuesday reported disappointing quarterly earnings amid a stubborn slump in truck demand, sending its shares lower. Cummins, whose shares were down about 6 percent in their worst one-day drop in a year, said third-quarter net profit fell by 45 percent as sales dipped, and it forecast full-year earnings at the lower end of its previous ...

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