CUMMINS ENGINE <CUM> SEES IMPROVED EARNINGS
Cummins Engine Co said it told
shareholders higher engine orders to the North American
heavy-duty truck market will result in improved earnings in the
first quarter.
    Cummins said the company should make progress this year and
next toward its goal of five pct profitability.
    Cummins recorded net income of 3,743,000 dlrs, or 38 cts
per share, on sales of 516.9 mln dlrs.
    It said it expects 1987 North American heavy-duty truck
production to total 135,000 units, an 8.5 pct increase from
1986.
    Cummins said it expects capital expenditures to total about
155 mln dlrs, down from 274 mln dlrs the year before.
 Reuter
