3M Beats Estimates And Boosts Guidance (MMM)

3m (NYSE:MMM) reported Q1 EPS of $1.63, vs. estimates of $1.49.Revenues in the quarter came in at $7.49 billion, vs. estimates of $7.44 billion.The company sees annual EPS $6.35-$6.50, had seen $6.25-$6.50, vs. estimates of $6.29.3M still sees 2012 organic sales volume growth 2%-5%, and operating income margins 21%-22.5%.SmarTrend is bullish on shares of 3M and our subscribers were alerted to buy on December 06, 2011 at $82.20. The stock has risen 6% since the alert was issued.

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