Getting your Trinity Audio player ready...
Minnesota Mining & Manufacturing Co. said it expects higher earnings in 1987 than the company`s 1986 net income of $779 million, or $6.80 a share. Allen F. Jacobson, chairman and chief executive, told shareholders at 3M`s annual meeting that the company anticipates ”only modest growth” in the U.S. and overseas economies and it won`t be getting the boost it got last year from a change in pension accounting standards. But, he added, the lower value of the dollar is expected to help earnings.
