3M Net Income Rises 2.8%, Beats Estimates

3M’s net income for the fourth-quarter of 2011 rose 2.8% to $954 million, or $1.35/share. Earnings beat analysts’ consensus of $1.31/share, as reported by Thomson Reuters (New York). Sales rose 5.7% to $7.1 billion, on a 1.3% increase in volumes and 2% increase in selling prices.   Sales rose in the company’s industrial and transportation, health care, consumer and office, and safety, security and protection services divisions. Sales fell in the display and graphics and electronics and communications divisions. Part of the 14.3% sales...

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