Cummins revises earnings



The stock of engine maker Cummins Inc. dipped 3 percent Wednesday after it restated earnings tied to what the company said was “a recent adverse court ruling” in an unspecified commercial contract squabble.

Columbus-based Cummins trimmed its previously announced fourth-quarter and full-year 2012 operating results by $20 million, with net income reduced by 7 cents per share.

The moves made a dent in Cummins’ stock price, which closed at $114.83 per share on the New York Stock Exchange. That was down $3.54 per share, or 2.99 percent.

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