NEW YORK ? 3M says its profit inched 3 percent higher in the fourth-quarter as growth in basic products like Post-Its and police tape offset declines in its high-tech products.
The maker of everything from Scotch Tape to computer arms also maintained its profit forecast for 2012 as it expects slower economic growth around the world.
The Maplewood, Minn., company said Thursday it earned $954 million, or $1.35 per share, compared with $928 million, or $1.28 per share, a year ago.
Revenue rose 6 percent to $7.09 billion.
FactSet says analysts expected a profit of $1.31 per share on revenue of $7.09 billion.
3M Co. said sales were strongest for the company's industrial and transportation unit. Sales fell in its electronics and communications and display and graphics segments.
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