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Post-it maker 3M's profit beats estimates on lower costs

Diversified manufacturer 3M reported a higher-than-expected 6.6 percent rise in quarterly profit, helped by lower costs.

The company, which makes Post-it notes, Scotch tape and an array of adhesives and abrasives, also reported its smallest decline in revenue in five quarters.

Total operating expenses fell nearly 4 percent to $5.62 billion in the first quarter...


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