3M's 2013 Outlook In Line With Expectations, Falls Short Of Long-Term Road Map

Shares of 3M Co (MMM) ended Wednesday's trading session with modest losses of 0.6%. The diversified technological and industrial company affirmed its full year outlook for 2012, and issued a road map for its 2013 performance.

Update

3M on Wednesday confirmed its full year 2012 outlook, of earnings per share of $6.27-$6.35 per share. Performance in the fourth quarter is on track with expectations, and the company has no reasons to adjust its full year outlook.

Looking into 2013, 3M expects earnings to come in between $6.70 to $6.95 per share. At the midpoint of the range, this guides for an increase of annual earnings per share by roughly 8%. The outlook is in line with analysts forecasts of $6.85 per share.

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