3M bounces off an 11-year low after earnings beat by wide margin, outlook raised

Shares of 3M Co. bounced off an 11-year low Tuesday, after the consumer, industrial and health care-products company swung to a large third-quarter loss, but reported adjusted profit that was well above expectations and raised its full-year outlook.

The maker of Scotch tape, Post-it Notes, Command strips and N95 face masks said the net loss for the quarter was $2.08 billion, or $3.74 a share, after net income of $3.86 billion, or $6.77 a share, in the same period a year ago. The results included a $4.2 billion charge from…