3M sees 2013 profit rise
Dec 12 (Reuters) - 3M Co expects profit to rise about 8 percent next year as the U.S. economy continues its slow recovery.
The maker of products ranging from Post-It notes to films used in electronics said it expects to report 2013 earnings of between $6.70 and $6.95 per share.
At its midpoint, that range would represent an 8 percent rise from the $6.32 per share analysts expect it to report for 2012.
Analysts on average were expecting 2013 earnings of $6.85 per share excluding one-time items, according to Thomson Reuters I/B/E/S.
The St. Paul, Minnesota-based company expects organic revenue -- a measure that excludes the effects of acquisitions, divestitures and exchange-rate fluctuations -- to rise between 2 percent and 5 percent.
- Special Report: Thailand secretly supplies Myanmar refugees to trafficking rings |
- The 10 Most Corrupt and Least Corrupt Countries in the World
- NSA gathers data on cellphone locations globally: report
- China's airspace zone has caused apprehension: Biden |
- JPMorgan warns 465,000 card users on data loss after cyber attack