3M Co. sharing MMM,
Pre-sale trading rose 2% on Tuesday, after the diversified business manufacturer and Post-it maker posted better-than-expected fourth-quarter earnings. 3M reported net profit of $ 1.389 billion, or $ 2.38 a share, in the quarter, up from $ 969 million, or $ 1.66 a share, in the prior year. Sales rose to $ 8.583 billion from $ 8.111 billion. FactSet’s consensus for EPS was $ 2.15 and sales were $ 8.400 billion. The company benefited from demand for personal protective equipment, general cleaning, data center and biopharma filtration, it said in a statement. “Through 2020 we distributed two billion breaths worldwide and supported the development and manufacture of vaccines and medicines to help the world respond to COVID-19,” CEO Mike Roman said in the statement. , 3M expects an EPS of $ 9.20 to $ 9.70, compared to the FactSet consensus of $ 9.50.Exposions are expected to grow 5% to 8 %.St shares have fallen 4% in the last 12 months away, while the Dow Jones industrial average DJIA,
has gained 7%.