Tags: US | Earns | 3M

3M Raises Full-Year Forecast After Profit Jumps

Thursday, 22 Jul 2010 07:56 AM

3M says it's optimistic about the pace of the global economic recovery and raised its full-year outlook while reporting stronger second-quarter profit.

The St. Paul, Minn., company now expects full year earnings of $5.65 to $5.80 per share. Wall Street was expecting $5.63.

3M Co., which makes everything from Post-Its to films for LCD TVs, says its second-quarter profit jumped 43 percent to $1.12 billion, or $1.54 per share, compared with $783 million, or $1.12 per share, a year earlier.

Revenue rose to $6.73 billion from $5.72 billion a year ago.

Thomson Reuters says analysts had forecast $1.48 per share on revenue of $6.66 billion.

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3M says it's optimistic about the pace of the global economic recovery and raised its full-year outlook while reporting stronger second-quarter profit.The St. Paul, Minn., company now expects full year earnings of $5.65 to $5.80 per share. Wall Street was expecting $5.63.3M...
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2010-56-22
Thursday, 22 Jul 2010 07:56 AM
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