About: http://data.cimple.eu/news-article/b96f8116f79f5402465599ab924de47e38e4e9ee6f3a16202c821542

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rdf:type	schema:NewsArticle
schema:articleBody	Earnings for 3M were again supported Tuesday by strong demand for protective masks to counter the coronavirus even as overall earnings fell amid weakness in some other businesses. Revenues for the US giant's safety and industrial segment rose during the third quarter, in part because of strong sales of N95 "respirators" that have been in demand all year as the world has contended with Covid-19. 3M has boosted production of the masks and collaborated with law enforcement officials to fight price-gouging and fraud of personal protective equipment. "Though economic uncertainty and challenges due to the Covid-19 pandemic remain, we returned to positive organic sales growth with sequential improvement across businesses and geographies," said Chief Executive Mike Roman. Net income came in at $1.4 billion, down 10.8 percent on a 4.5 percent rise in revenues to $8.4 billion. The results topped estimates for both earnings per share and sales. 3M described conditions as mixed across its businesses, with good demand in personal safety, home improvement, general cleaning and semiconductors. But the company also experienced slowing in a number of areas due to Covid-19. These included healthcare and oral care elective procedures, autos, consumer electronics, hospitality and office supplies. 3M did not provide a full-year forecast, citing the "continued evolving and uncertain impact of the Covid-19 pandemic." Shares fell 3.0 percent early Tuesday to $161.13. jmb/bgs
schema:headline	3M results again boosted by mask sales
schema:mentions	NIOSH air filtration rating Industry Personal protective equipment Pandemic Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 Mike Roman Oral hygiene 3M Consumer electronics Net income
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-27 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	67 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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