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3m Raised Targets for the Year, Despite the Drop in Profit in the 3rd Quarter
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Third quarter sales rose by 3.5%, for US$ 6,52 billion, exceeding the average mean Wall Street target of US$ 6.25 billion
·Brazil
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The US manufacturer of industrial and consumer products 3M recorded a net assigned profit of 834 million dollars during the third quarter, 39.2% less than a year earlier, although it has announced an improvement of the annual forecasts.The net sales of the company of Minneapolis reached 6,517 million dollars, 3.5% more, while the operating costs increased by 1.8%, to 5,070 million dollars.
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