3M facility in Indianapolis, Aug. 2023.
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ST PAUL, Minn. (AP) — 3M Co. on Friday reported second-quarter profit of $1.15 billion.
The Minnesota-based maker of Post-it notes and industrial coatings said it had net income of $2.07 per share. Earnings, adjusted for non-recurring gains, came to $1.93 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.
The company posted revenue of $6.26 billion in the period.
3M expects full-year earnings in the range of $7 to $7.30 per share.
Shares of 3M stock were up $19.97 to $123.36 in Friday trading.
