Bond 43% of net profit in the second quarter of 3M
The industrial conglomerate 3M reported a 43.2% jump in net profit in the second quarter, above expectations, due to strong demand from emerging markets.
The U.S. company, which manufactures both the Post-It notes, Scotch tape as films used in flat screen displays a profit of $ 1.12 billion or $ 1.54 per share for the period April to June, One result cons of 783 million or $ 1.12 per share in the second Quarter 2009.
Analysts on average forecast EPS of $ 1.48 according to the consensus established by Thomson Reuters I / B / E / S.
Turnover rose 17.7% to 6.73 billion dollars according to the forecast given by the company in late June
For 2010, 3M now expects earnings per share excluding items between $ 5.80 and 5.65 and a growth of between 13% and 15% excluding acquisitions against a previous range of 10% to 12%.
The Minnesota company said however that the decline of the euro against the dollar could weigh on its results in the second half.