ST PAUL, Minn. (AP) — ST PAUL, Minn. (AP) — 3M Co. (MMM) on Tuesday reported first-quarter net income of $928 million.
The St Paul, Minnesota-based company said it had profit of $1.67 per share. Earnings, adjusted for non-recurring costs, were $2.39 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.08 per share.
The maker of Post-it notes, industrial coatings and ceramics posted revenue of $8 billion in the period.
3M expects full-year earnings in the range of $6.80 to $7.30 per share.
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