Health care drives 3M profits

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3M Co. reported Q4 earnings of $1.4 billion, or $2.38 per share, up 43 percent from a year ago and higher than analyst estimates of $2.15 per share. Net sales increased by 5.8 percent to about $8.6 billion, ahead of an estimated $8.4 billion. Lower costs and higher demand for the protective equipment, including N95 masks, helped to boost results. In the consumer category, earnings rose by 10.7 percent to $335 million. In Canada, sales were up by two percent in local currency.

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