Timken Co (TKR.N)
|Market Cap (Mil.):||$5,086.87|
|Shares Outstanding (Mil.):||97.64|
* Shares tumble as much as 9 percent (Adds CEO comments, updates share price)
CHICAGO, Oct 29 - Cummins Inc, the U.S. maker of engines and other vehicle components, reported lower-than-expected quarterly profit on Tuesday and cut its full-year outlook, citing weak demand in most of its markets, including mining.
* Shares plunges as much as 11 percent (Adds analyst's, CEO's comments, background, updates shares)
Oct 24 - Timken Co on Thursday reported a lower quarterly profit and cut its full-year outlook yet again, citing weak demand for its ball bearings and specialty steel across all markets.
* Group President Richard Kyle to become CEO of Timken post split
Sept 5 - Timken Co said its board approved a plan to spin off the company's steel business from its bearings and power transmission business.
July 25 - Timken Co posted sharply lower profit on Thursday and cut its full-year forecast, citing a weaker-than-expected recovery in demand for its products.
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