3M net income up in 2Q despite lower sales

Published July 26, 2012 9:52pm ET



NEW YORK (AP) — 3M Co., the iconic maker of Post-Its and Scotch Tape, said Thursday it managed a slim increase in second-quarter earnings as cost-cutting offset a revenue shortfall.

It also held onto its forecast for the year, saying it would continue to trim expenses in the face of weakening economic conditions, especially in Western Europe. Shares rose more than 2 percent Thursday.

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