3M Posts Upbeat Profits, Sees Organic Growth Around the World

Healthcare supplies sales lifted 3M earnings in the third quarter. The Minnesota based Post-it notes maker reported organic growth around the world. Profit for the quarter came in at $1.98 a share, two cents better than expected. Sales grew 3 percent to $8.1 billion, which missed estimates narrowly. Supplies were flying off the shelves in both the U.S. and the Asia Pacific region. All five divisions did better than a year ago, especially healthcare and electronics and energy. The company said looking ahead, it will continue to focus on ‘broad-based organic growth.’ International expansion will still be on the agenda even though it already has a strong presence globally.