On Air Now

Current Show

America Now   8:00 PM - 11:00 PM

Call America Now at 877-927-2639 between 5pm and 8pm

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
65° Feels Like: 65°
Wind: W 6 mph Past 24 hrs - Precip: 0.01”
Current Radar for Zip

Tonight

Mostly Clear 53°

Tomorrow

Mostly Sunny 75°

Wed Night

Clear 53°

Alerts

3M posts slight profit gain, boosts share buyback plan

(Reuters) - Diversified U.S. manufacturer 3M Co posted a slightly higher quarterly profit on Thursday, helped by revenue increases across most of its business lines, and raised the number of shares it expects to buy back this year.

The company, whose products include Post-it notes and film for flat-panel televisions, said second-quarter net income rose to $1.2 billion, or $1.71 per share, from $1.17 billion, or $1.66 per share a year ago.

Analysts on average expected $1.70 per share, according Thomson Reuters I/B/E/S.

Revenue increased 2.9 percent to $7.75 billion. Analysts were looking for $7.77 billion.

3M backed its full-year earnings forecast of $6.60 to $6.85 per share. Analysts were anticipating $6.71. The company had lowered its projection in April from a range of $6.70 to $6.95 per share.

The company expects its 2013 share repurchases to be in the range of $3.5 billion to $4.5 billion compared with $2 billion to $3 billion, previously.

(Reporting by Lewis Krauskopf; Editing by Maureen Bavdek)

Comments