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Engines Sales Soar 68% on Global Truck Demand
Columbus,IND,USA -TTNews -26 April 2011: -- Engine maker Cummins Inc. said Tuesday its first-quarter profit more than doubled from a year ago as international markets soared... Cummins earned $343 million, or $1.75 per share, up from $149 million, or 75 cents, a year earlier. Sales jumped 56% to $3.9 billion... Non-U.S. markets accounted for 61% of its first-quarter revenue, the company said. Sales rose 66% in China, 31% in India, 39% in Brazil and 40% in Africa and the Middle East... Cummins forecasted $17 billion in sales for 2011, up from $13.23 billion last year... Engine shipments in the global heavy-duty truck market more than tripled year-over-year, while medium-duty truck engine shipments more than doubled, the company said...
