3M’s profit has beaten forecasts 2016-04-27 09:52:19

The American innovation company 3M has published its data for the 1st quarter of 2016. 3M’s net profit exceeded analysts' expectations by rising up to $1.28 billion compared to $1.20 billion for the same period last year. The growth was also caused by a general cost reduction, which equaled about 4%. It’s worth noting, that during this year 3M’s shares’ value has increased by 11.8%, and the sales volume - by 3%.

The reports has positively impacted the 3M shares, which have already risen by 1.12% and continue to grow. The value still increases, which gives traders a great chance to make money. Remember, that trading will be available during the American session, from 14:40 to 21:00 GMT time.

The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.