Earnings Focus (NYSE: MMM, MRK, DOW) - Top Stock Pick Alert

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3M Company (NYSE:MMM) surged 2.325 to $78.10 after it reported third-quarter net income of $957 million, or $1.35 a share, compared with $991 million, or $1.41 a share, in the same quarter in 2008. Net sales fell to $6.19 billion from $6.56 billion. Analysts had been looking for earnings of $1.17 a share on revenue of $5.77 billion. The company also raised its full-year profit outlook to a range of $4.50 to $4.55 a share from the prior range of $4.10 to $4.30 a share.

Merck & Co., Inc. (NYSE:MRK) reported that third-quarter earnings more than tripled due primarily to the sale of its interest in the animal healthcare unit Merial Ltd. The drugmaker posted net income of $3.42 billion, or $1.61 a share, compared with $1.09 billion, or 51 cents a share, for the same period last year. This year's quarter contained a $1.7 billion gain from the Merial sale. Excluding various items, Merck would have reported adjusted earnings of 90 cents a share. Revenue rose 2% to $6 billion. Analysts had expected earnings of 82 cents a share, on revenue of $5.97 billion. Merck said it now sees 2009 earnings per share coming in between $3.69 and $3.89.

The Dow Chemical Company (NYSE:DOW) said its third-quarter profit climbed 66% to $711 million, or 63 cents a share, while sales dropped 22% to $12.05 billion. Prices dropped from the year-earlier period but rose from the second quarter. The company cut $380 million in structural costs during the quarter, and said it's surpasses its cost synergy goal from the Rohm and Haas acquisition six months ahead of target.

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