3M quarterly profit rises 2.55 percent

October 25, 2016 7:44 AM EDT

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


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(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)



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