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3M Says Business Is Improving, Boosts Earnings Guidance

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Company says efforts to improve performance and control costs are bearing fruit

3M boosted its earnings forecast after a stronger-than-expected quarter, saying efforts to improve performance and control costs are bearing fruit.

The Minnesota-based company reported adjusted earnings per share of $2.68 for the third quarter, higher than its guidance and analysts’ predictions. Adjusted sales came in at $8.02 billion, also outpacing expectations.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.

 

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