News Summary: 3M 3Q net income rises 6 pct

News Summary: 3M posts 6 pct increase in 3rd-qtr net income, beats Wall Street predictions

Associated Press

POST-IT: 3M Co. said Thursday that its third-quarter net income rose 6 percent, beating Wall Street predictions, as sales and profits grew across most of its businesses.

DETAILS: The company which makes items including Post-it notes, reflective coatings for signs, and glues and adhesives, earned $1.23 billion, or $1.78 per share. Its revenue rose 6 percent to $7.92 billion. Analysts surveyed by FactSet expected earnings of $1.75 per share on revenue of $7.86 billion.

OUTLOOK: 3M tightened its full-year profit guidance to a range of $6.65 to $6.75 per share. Its previous guidance was $6.60 to $6.85. Analysts were expecting $6.69 per share.

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