3M Co. Reports 8% Increase In Q3 Profit

(RTTNews) - 3M Co. (MMM) reported earnings for its third quarter that advanced from last year.

The company said its bottom line totaled $1.43 billion, or $2.33 per share. This was up from $1.33 billion, or $2.15 per share, in last year's third quarter.

Analysts had expected the company to earn $2.21 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 103881.8% to $8017 billion. This was up from $7.71 billion last year.

3M Co. earnings at a glance:

-Earnings (Q3): $1.43 Bln. vs. $1.33 Bln. last year. -Earnings Growth (Y-o-Y): 7.5% -EPS (Q3): $2.33 vs. $2.15 last year. -EPS Growth (Y-o-Y): 8.4% -Analysts Estimate: $2.21 -Revenue (Q3): $8017 Bln vs. $7.71 Bln last year. -Revenue Change (Y-o-Y): 103881.8%

-Guidance: Full year EPS guidance: $9.00 to $9.10