3M has increased its revenue 2016-01-28 11:10:55
The net income of one of the largest American manufacturing companies has exceeded analysts' forecasts. Nevertheless, the net profit for the 4th quarter was expected smaller, but 3M has achieved better results by keeping its costs as low as possible. The company has partially reduced its staff and restructured its departments. As a result, 3M was able to earn $7.3 billion instead of the forecasted $7.2 billion.
 
The final net profit has had a very positive impact on the value of 3M shares, which has showed a record growth of 5.24%. Traders have a great chance to earn money on a further rise. Remember, that trading will be available during the American session, from 13:40 to 20:00 GMT time.
 

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