UPDATE: 3M Posts Downbeat Q1 Profit, Lowers 2013 Forecast

3M Company (NYSE: MMM ) reported a rise in its first-quarter earnings and lowered its 2013 earnings view. 3M's quarterly earnings surged to $1.129 billion, or $1.61 per share, from $1.125 billion, or $1.59 per share, in the year-ago period. Its sales climbed to $7.63 billion, from $7.49 billion.