3M quarterly profit rises 2.55 percent
- Wall Street flat as countdown to Trump's swearing-in begins
- Netflix, Inc. (NFLX) Tops Q4 EPS by 1c; Subs Beat Views
- Apple (AAPL) PT Raised to $140 at BofA/Merrill Lynch; iPhone 8 Will be 'Super-Long' Cycle
- Morgan Stanley Upgrades Tesla Motors (TSLA) to Overweight
- CP's (CP) Outgoing CEO Hunter Harrison, Activist Paul Hilal Said Set to Target CSX Corp. (CSX)
The logo of Down Jones Industrial Average stock market index listed company 3M is shown in Irvine, California April 13, 2016. REUTERS/Mike Blake/File Photo
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.
(Reuters) - 3M Co (NYSE: MMM), the maker of Scotch tape and Post-it notes, reported a 2.55 percent increase in quarterly profit, partly helped by lower costs, as sales continued to stagnate.
Net income attributable to the company rose to $1.33 billion, or $2.15 per share, in the third quarter ended Sept. 30, from $1.30 billion, or $2.05 per share, a year earlier.
3M's operating expenses fell about 1 percent to about $5.81 billion.
Net sales were flat at $7.71 billion.
(Reporting by Ankit Ajmera in Bengaluru; Editing by Saumyadeb Chakrabarty)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Statement from 3M on the Passing of Livio D. "Desi" DeSimone, Former Chairman and Chief Executive Officer
- U.S. Mid-Atlantic business activity highest in two years: Philly Fed
- Exclusive: Russia could rebuild fiscal reserves at $55 oil under new budget rule - documents
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!