UPDATE: 3M Posts Higher Q3 Profit
3M Co (NYSE: MMM) reported a rise in its third-quarter earnings.
3M's quarterly earnings surged to $1.23 billion, or $1.78 per share, from $1.16 billion, or $1.65 per share, in the year-ago period.
Its net sales climbed to $7.9 billion from $7.5 billion. However, analysts were expecting earnings of $1.75 per share on sales of $7.9 billion.
For the full year, 3M now expects earnings to $6.65 to $6.75 per share, versus its earlier forecast of $6.60 to $6.85 per share.
3M shares gained 0.89% to $124.30 in pre-market trading.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.