3M Profit Slips as Sales Rise; Full-Year Guidance Boosted

Core Viewpoint - 3M's third-quarter net income decreased, yet sales increased, leading the diversified manufacturer to raise its adjusted earnings forecast for the year [1] Financial Performance - The company reported a decline in net income for the third quarter, indicating potential challenges in profitability [1] - Despite the drop in net income, sales figures showed an upward trend, suggesting strong demand or effective sales strategies [1] Future Outlook - 3M has increased its adjusted earnings forecast for the year, reflecting confidence in future performance and potential recovery in profitability [1]