3M Q2 Results Exceed Expectations; Full Year Guidance Raised

3M MMM reports its second-quarter earnings at $1.54 per share, exceeding the consensus of $1.48. MMM’s sales for the quarter came in at $6.7 billion, just scrapping past the Street view of $6.66 billion. 3M has raised its organic sales volume growth for the year to 13%-15%, from the prior guidance of 10%-12%. The company also expects its EPS for 2010 to come in the range of $5.65 to $5.80, excluding the Medicare Part D-related charge recorded in the first quarter of this year. The company’s prior expectations were at $5.40-$5.60. MMM added 0.84% to $82.99 in after hours. Read more from Benzinga's Company news.