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3M posts 7% rise in third-quarter revenue -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO : FILEPHOTO – The 3M logo was seen at the company’s global headquarters in Maplewood Minnesota on March 4, 2020. In response to the new coronavirus epidemic in the United States, the government contracted the company to make additional masks. P

(Reuters). Despite a higher level of demand for industrial and safety products, 3M Co saw a 7.1% growth in third-quarter revenues on Tuesday. The net income of the company increased marginally from $1.430billion, or 2.45 per share in the year-ago quarter to $1.434billion, to $2.45/share for the period ended September 30.

The net sales grew to $8.94billion from $8.35billion one year prior.

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