Facebook with Latestnigeriannews  Twieet with latestnigeriannews  RSS Page Feed
Home  |  All Headlines  |  Punch  |  Thisday  |  Daily Sun  |  Vanguard   |  Guardian  |  The Nation  |  Daily Times  |  Daily Trust  |  Daily Independent
World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  More Channels...

Viewing Mode:

Archive:

  1.     Tool Tips    
  2.    Collapsible   
  3.    Collapsed     
Click to view all Entertainment headlines today

Click to view all Sports headlines today

3M reports revenue jumps 11.3% (MMM)

Published by Business Insider on Tue, 24 Jan 2017


(Reuters) - 3M Co, the maker of Scotch tape and Post-it notes, reported on Tuesday better-than-expected quarterly profit, as the company kept a tight lid on costs.The company, which gets more than 60 percent of its revenue from outside the United States, has been restructuring its business through divestures and layoffs in an effort to reduce expenses.3M's operating expenses fell 2.3 percent in the fourth quarter ended Dec. 31.St. Paul, Minnesota-based 3M reaffirmed its 2017 earnings forecast of $8.45 to $8.80 per share and organic local currency sales growth of 1 percent to 3 percent.Net income attributable to the company rose to $1.15 billion, or $1.88 per share, in the quarter, from $1.04 billion, or $1.66 per share, a year earlier.Net sales fell 0.4 percent to $7.33 billion.Analysts on average had estimated net income of $1.87 per share, on sales of $7.33 billion, according to Thomson Reuters I/B/E/S.3M's shares were flat in premarket trading on Tuesday. Up to Monday's close, the company's stock had risen 28 percent in the last 12 months.(Reporting by Ankit Ajmera and Shashwat Awasthi in Bengaluru; Editing by Maju Samuel and Martina D'Couto)SEE ALSO:Lockheed Martin's revenue was boosted by the F-35 and Sikorsky helicoptersJoin the conversation about this storyNOW WATCH: A new study just blew a hole in one of the strongest arguments against global warming
Click here to read full news..

All Channels Nigerian Dailies: Punch  |  Vanguard   |  The Nation  |  Thisday  |  Daily Sun  |  Guardian  |  Daily Times  |  Daily Trust  |  Daily Independent  |   The Herald  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  New Telegraph  |  Peoples Daily  |  Blueprint  |  Nigerian Pilot  |  Sahara Reporters  |  Premium Times  |  The Cable  |  PM News  |  APO Africa Newsroom

Categories Today: World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Columns  |  All Headlines Today

Entertainment (Local): Linda Ikeji  |  Bella Naija  |  Tori  |  Pulse  |  The NET  |  DailyPost  |  Information Nigeria  |  Gistlover  |  Lailas Blog  |  Miss Petite  |  Olufamous  |  Stella Dimoko Korkus Blog  |  Ynaija  |  All Entertainment News Today

Entertainment (World): TMZ  |  Daily Mail  |  Huffington Post

Sports: Goal  |  African Football  |  Bleacher Report  |  FTBpro  |  Kickoff  |  All Sports Headlines Today

Business & Finance: Nairametrics  |  Nigerian Tenders  |  Business Insider  |  Forbes  |  Entrepreneur  |  The Economist  |  BusinessTech  |  Financial Watch  |  BusinessDay  |  All Business News Headlines Today

Technology (Local): Techpoint  |  TechMoran  |  TechCity  |  Innovation Village  |  IT News Africa  |  Technology Times  |  Technext  |  Techcabal  |  All Technology News Headlines Today

Technology (World): Techcrunch  |  Techmeme  |  Slashdot  |  Wired  |  Hackers News  |  Engadget  |  Pocket Lint  |  The Verge

International Networks:   |  CNN  |  BBC  |  Al Jazeera  |  Yahoo

Forum:   |  Nairaland  |  Naij

Other Links: Home   |  Nigerian Jobs