Despite recessionary headwinds, 3M Co. increased sales from the first to second quarter and surprised analysts with higher-than-expected earnings per share of $1.12.
• Second-quarter sales dropped from $6.7 billion in 2008 to $5.7 billion this year, but second quarter sales increased $600 million from the first quarter.
• The company expects full-year earnings per share to be $4.10 to $4.30, up from $3.90 to $4.30 forecast in April.
• The sales slide for the rest of the year will be less severe than an earlier forecast.
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More From Star Tribune
More From Business
Business
Chinese automakers redefine the car as a living space at Beijing Auto Show
How about turning a car's front bucket seats 180 degrees so they face the rear seats and extending out a table so the occupants can play cards or eat a meal? Or a 43-inch (109 centimeter) screen for the passengers in the back seat?
Business
FTC sends $5.6 million in refunds to Ring customers as part of video privacy settlement
The Federal Trade Commission is sending more than $5.6 million in refunds to consumers as part of a settlement with Amazon-owned Ring, which was charged with failing to protect private video footage from outside access.
Business
U.S. labor secretary says UAW win at Tennessee Volkswagen plant shows southern workers back unions
Workers at auto plants in the South should be free to unionize without pressure from employers or anti-union governors, acting U.S. Labor Secretary Julie Su said Thursday, even as some southern states pass laws to inhibit organized labor.
Business
Congo questions Apple over knowledge of conflict minerals in its supply chain
Congo 's government is questioning Apple about the tech company's knowledge of ''blood minerals'' from a conflict zone in the African country that could be smuggled into its supply chains and is demanding answers within three weeks.
Business
Seattle Kraken move games to over-the-air broadcaster with streaming on Amazon's Prime Video
The Seattle Kraken will move their games to an over-the-air broadcaster and have a streaming partnership with Amazon's Prime Video beginning with the 2024-25 season, the team announced Thursday.
