3M Beats Earnings Estimates. Growth Is Picking Up. - Barron's

1. 3M reported Q4 earnings of $1.68, exceeding expectations of $1.66. 2. Comparable sales grew 2.1%, marking the fastest growth in recent history. 3. Future guidance suggests sales growth of about 2.5%, impacted by foreign exchange. 4. Stock price increased by 1% in premarket trading following earnings announcement. 5. 3M stock has risen 57% over the past 12 months, outperforming S&P 500.