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3M's Profit Tops Expectations

Stock quotes in this article: MMM , CAT , DD , PFE  

3M (MMM Quote) said Tuesday that its third-quarter sales rose 6.2% from a year ago to $6.6 billion, thanks to double-digit growth in its three largest business units.

Net income for the quarter was $991 million, or $1.41 a share, up from $960 million and $1.32 a share in the same period last year. Excluding items, 3M earned $1.42 a share in the most recent quarter, 4 cents ahead of estimates.

Looking ahead, full-year earnings should be $5.40 to $5.48 a share, 3M said. Analysts are calling for $5.45. ...

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