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Profitable ax: but weak top line threatens growth of earnings at 3M
- Source :
- Barron's. April 29, 2002, Vol. 82 Issue 17, p14, 1 p.
- Publication Year :
- 2002
-
Abstract
- W. James McNerney, 3M Chairman, has kept his company ahead of a difficult market with cost-cutting measures. First-quarter earnings of $487 million, up 6%, countered a drop in sales of 7%, to $3.9 million. Some analysts fear that 3M's share price of 126, up almost 50% following September 11th, leaves nowhere to go but down.
Details
- ISSN :
- 10778039
- Volume :
- 82
- Issue :
- 17
- Database :
- Gale General OneFile
- Journal :
- Barron's
- Publication Type :
- Periodical
- Accession number :
- edsgcl.85223454