New products drive strong 2Q sales for 3M
Scotch tape and Post-it Note maker 3M Co. says that new products and strong demand in emerging economies will push its second-quarter sales above Wall Street expectations.
The company says it expects sales to range between $6.6 billion and $6.75 billion for the three-month period ending in June. That would mark 4 percent to 6 percent growth from the first quarter.
Analysts on average are targeting $6.57 billion in sales, according to a survey by Thomson Reuters.
The manufacturer, based in St. Paul, Minn., will announce more details at an analyst meeting on Tuesday. 3M is scheduled to announce complete second-quarter results and its full-year outlook on July 22.