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3M posts earnings of $1.78 a share vs. $1.75 estimate

Thursday, 24 Oct 2013 | 7:32 AM ET
Adam Jeffery | CNBC

3M delivered quarterly earnings that surpassed analysts' expectations on Thursday.

After the earnings announcement, the company's shares rose in pre-market trading. (Click here to get the latest quote.)

The company, which manufactures products such as Post-It notes and electronics, posted third-quarter earnings of $1.78 per share, up from $1.65 a share in the year-earlier period.

Revenue increased to $7.92 billion from $7.50 billion a year ago.

Analysts had expected the diversified technology company to report earnings excluding items of $1.75 a share on $7.86 billion in revenue, according to a consensus estimate from Thomson Reuters.

Maplewood, Minn.-based 3M gets more than half of its revenue from outside the U.S. and its products are used in a variety of industries, so its results are watched closely as an economic indicator.

The Associated Press contributed to this report

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