Summary Box: 3M's better-than-expected 1Q profit

AP News
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Posted: Apr 24, 2012 8:53 AM
Summary Box: 3M's better-than-expected 1Q profit

WHAT WAS STRONG: Sales in North and South America, and sales to auto and aerospace manufacturers, suggesting that manufacturing is rebounding.

WHAT WAS WEAK: Sales in Europe and Asia, and films for flat-panel TVs.

THE YEAR AHEAD: After its better-than-expected first-quarter results, 3M raised the low end of its 2012 profit guidance.