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3M First Quarter Earnings Call |
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Author: Rozalina Destanova
123jump.com
Last Update: 2:37 AM EDT May 08 2008
Sales rose 8.9% to $6.5 billion, topping analysts'' forecast of $6.32 billion. EPS fell to $1.38 per share, from $1.85 per share a year earlier. The year-earlier results included a one-time gain of 57 cents per share from the sale of the company''s branded drug business in Europe. International sales were solid and that profits increased in four of its units. Profit declined in its consumer and office and display and graphics businesses. |
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