UPDATE 3-Cummins profit tops view; company ups outlook

* Q2 EPS of $1.25 vs $0.91 estimate

* Q2 sales rose 32 percent to $3.21 billion

* Raises full-year EBIT guidance

* International sales offsetting North American weakness

* Shares up 2.2 percent (Adds conference call comments, updates shares)

By James B. Kelleher

CHICAGO, July 27 (Reuters) - Cummins Inc (CMI.N) reported stronger-than-expected quarterly results on Tuesday and raised its full-year forecast, citing especially strong demand for its products overseas.

The company, which makes truck engines, power generation equipment and other vehicle components, said sales outside the United States, which account for nearly two-thirds of its annual revenue, jumped 51 percent during the quarter.

That strength helped offset continued weakness in the North American commercial truck market, where new emission rules have raised the price of engines and discouraged trucking companies from updating their fleets.

"Strong markets in China, India, and Brazil continue to drive large sales increases as those economies have now fully recovered from the global recession and are growing robustly," Tom Linebarger, Cummins' president and chief operating officer, said in a conference call to discuss the results.

"Our sales growth in those countries was even better than we had anticipated for the second quarter, and we expect continued strong results from those markets in the second half of the year."

Cummins posted a second-quarter profit of $246 million, or $1.25 a share, up from $56 million, or 28 cents a share, last year.

Revenue rose 32 percent to $3.21 billion.

Analysts on average expected the Columbus, Indiana-based company to report a profit of 91 cents a share on sales of $2.84 billion, according to Thomson Reuters I/B/E/S.

Cummins also raised its forecast for the full-year, saying it now expects to report earnings before interest and taxes of 12 percent of sales on revenue of $13 billion.

Andy Casey at Wells Fargo Securities said that implied full-year earnings per share of $4.75 to $4.80 -- well above the $3.84 a share analysts were expecting on sales of $12.1 billion.

Shares of Cummins were up 2.2 percent to $79.56 in afternoon trading on the New York Stock Exchange. (Reporting by James B. Kelleher; editing by Dave Zimmerman and Tim Dobbyn)