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3M quarterly profit jumps on price hikes, cost cuts

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3M quarterly profit jumps on price hikes, cost cuts

Apr 30, 2024 3:48 AM

April 30 (Reuters) - U.S. industrial conglomerate 3M Co ( MMM )

posted a 21% rise in quarterly profit on Tuesday, as

price hikes and cost cuts offset the impact from slow sales.

The St. Paul, Minnesota-based company reported an adjusted

profit of $2.39 per share for the quarter, compared with an

adjusted profit of $1.97 per share, a year earlier.

(Reporting by Kannaki Deka in Bengaluru; Editing by Shinjini

Ganguli)

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