Some lower expenses helped 3M post a higher profit in the second quarter, but foreign currency translation pressured its revenue.
UnitedHealth Group hiked its earnings forecast for the second time this year after quarterly profit grew 13 percent and trumped Wall Street expectations.
Hormel reported a record second-quarter profit of $180.2 million Wednesday despite the impacts of bird flu that has killed more than 8 million birds in Minnesota. The Austin, Minnesota, company had earnings of 67 cents per share Wednesday, topping Wall Street expectations by a nickel, according to a poll by Zacks Investment Research.
3M Co., the iconic maker of Post-Its and Scotch Tape, said Thursday it managed a slim increase in second-quarter earnings as cost-cutting offset a revenue shortfall.