The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
Cortesía de Investing.com

Agenda Macro

Calendario económico en tiempo real proporcionado por Investing.com España.

3M says profit up 6%, narrows full-year guidance

NEW YORK (MarketWatch)
3M Co.  reported third-quarter earnings of $1.23 billion, or $1.78 a share, compared to $1.16 billion, or $1.65 a share, in the same period a year earlier
The diversified technology firm said net sales rose to $7.9 billion from $7.5 billion a year earlier Analysts surveyed by FactSet produced a consensus forecast for earnings of $1.75 a share on revenues of $7.9 billion
"All business groups generated positive organic sales growth and operating margins above 20%. At the same time, we further strengthened the company through increased investments in innovation, commercialization and manufacturing," said Inge Thulin, chief executive
3M updated its full-year forecast, narrowing the range for full-year earnings to $6.65 to $6.75 a share from a previous range of $6.60 to $6.85
The company said it expects full-year organic local-currency sales growth of 3% to 4% versus its previous forecast of 2% to 5%.

1 comentario:

geniopolis.net dijo...

3M Co. said its third-quarter earnings rose a surprisingly strong 5.9%, helped by sales growth across its business segments.

The St. Paul, Minn.-based conglomerate reported improved results in a wide variety of businesses including granules used for roofing, materials used in cars and airplanes, and industrial adhesives. Back-to-school shopping was strong, 3M /quotes/zigman/302497/quotes/nls/mmm MMM +0.49% said.

In the latest quarter, sales in the electronics and energy business rose 2.5%, a reversal from sales declines in recent periods. Industrial sales gained 8.6%. Safety and graphics sales improved 6.7%, and health-care sales added 5.5%. Consumer sales increased 2.1%.

3M said it expects full-year earnings of $6.65 to $6.75 per share, compared with the forecast range of $6.60 to $6.85 provided in July.

For the third quarter, 3M reported a profit of $1.23 billion, or $1.78 a share, up from $1.16 billion, or $1.65 a share, a year earlier. Sales added 5.6% to a record $7.92 billion. Acquisitions boosted sales 1.5%.

Analysts polled by Thomson Reuters had projected earnings of $1.75 a share and revenue of $7.86 billion.

Organic local currency growth, which excludes currency fluctuations and recent acquisitions, was 5.8% in the latest quarter. For the full year, 3M forecast organic growth of 3% to 4%, slightly below the long-term target of 4% to 6% set by the company a year ago.