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3M Says Its Business Is Improving, Upgrades Profit Guidance
3M Says Its Business Is Improving, Upgrades Profit Guidance
Updated October 24, 2023 at 1:05 p.m. ET
3M raised its profit forecast after a better-than-expected quarter, saying efforts to improve performance and control costs were paying off.
The Minnesota-based company reported third-quarter adjusted earnings per share of $2.68, above forecasts and expectations of analysts surveyed by FactSet. Adjusted sales came in at $8.02 billion, also beating expectations.
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