People & Business :: Earnings/Finance
3M Affirms 2011 Guidance; Sees 6% EPS Increase in 2012
10:00 AM MST | December 6, 2011 | Vincent Valk
3M today affirmed its previous full-year 2011 earnings guidance of $5.85-$5.95/share, and announced that it expects earnings to rise by about 6% in 2012, to $6.25-$6.50/share. The company expects sales to fall between $30.2 billion and $31.5 billion next year, it says, a 2% to 6% annual increase. The 2012 outlook is predicated on global industrial production growth of between 1% and 3% for the entire year. “As a consumables company sensitive to swings in its distribution channels, 3M made the case for modest growth in 2012, but with the assumption...
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