Digital Access

Digital Access
Access nwherald.com from all your digital devices and receive breaking news and updates from around the area.

Home Delivery

Home Delivery
Local news, prep sports, Chicago sports, local and regional entertainment, business, home and lifestyle, food, classified and more! News you use every day! Daily, weekend and Sunday packages.

Text Alerts

Text Alerts
Stay connected to us wherever you are! Get breaking news updates along with other area information sent to you as a text message to your wireless device.

Email Newsletters

Email Newsletters
We'll deliver news & updates to your inbox. Plan your weekend and catch up on the news with our newsletters.
State and Nation Business

3M posts slightly better-than-expected 2Q profit

MINNEAPOLIS – 3M Co., which makes a wide range of items including Scotch tape, coatings for signs, and roofing shingles, says its net income rose 2.6 percent as revenue grew across most of its businesses.

3M left its full-year guidance unchanged.

The company earned $1.2 billion, or $1.71 per share, in the most recent quarter. That's a penny better than expected by analysts surveyed by FactSet.

Revenue rose 2.9 percent to $7.75 billion. That's just slightly less than analysts had expected, on average.

Revenue rose in each of 3M's divisions except for its electronics and energy unit, where sales fell 3.2 percent. Profits in that unit fell 16 percent.

Loading more