3M reports second-quarter profit rises to $933 million

Earnings
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3M Co. reported a second-quarter profit of $933 million, or $1.78 per share, up from $723 million, or $1.34 per share, in the same period last year. Excluding items, adjusted earnings were $1.255 billion, or $2.40 per share. Revenue rose 2.5% to $6.500 billion from $6.344 billion a year ago. The company issued full-year earnings per share guidance of $8.80 to $8.95.

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3M reported higher Q2 profit and revenue, and issued positive full-year EPS guidance.