The company said its profit increased to $1.18 billion, or $1.57 a share, from $746 million, or 97 cents a share, earned a year ago. The latest quarter''s per-share figure includes 47 cents on the sale of its pharmaceutical unit. 3M’s quarterly results exceeded expectations of earnings of $1.14 a share. The company projected 2007 earnings in the range of $5.20 and $5.45 a share, or between $4.60 and $4.75 on an adjusted basis. |
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