Financial Report Financial reports from the largest companies of the world

3М with positive financial report

The season records in the U.S. continues in full swing, and today many of the leading companies on Wall Street to announce its results for the last three months of 2010. Among them is the company 3M, part of the index of blue chips in the U.S. Dow Jones Industrial Average. The results of 3M hyssop successive contradictory data, revenue and profit of the company proved to be higher than expectations, but profits are weaker than last year. Moreover, executives of the company announced a higher forecast performance during the fiscal year. In the fourth quarter of 2010 profit by 3M estimated at 928 million dollars or 1.28 dollars per share. This is a decline of 1 percent annually, after the same period of 2009, profit was 935 million dollars, or 1.3 dollars per share. The company's sales have increased by 10 percent to 6.71 billion dollars. The peliminary estimates of analysts was for profit of 1.27 dollars per share, based on profits from 6.62 billion dollars. The company announced a new forecast for fiscal 2011, which is to win within the 5.95 to 6.20 dollars per share. 3M have known quite well in the field of electronics, where sales growth of 20 per cent. Increase of 10 percent is in the automotive and aerospace manufacturing activities.