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The blue-chip company has been weighed down by production delays due to higher raw material costs and supply chain disruptions that have been exacerbated by the ongoing war in Ukraine.
However, strong demand has allowed the company to raise prices, which have helped shield its margins.
The company’s adjusted profit rose 1 cent to $2.88 per share.
Revenue for the quarter rose to $13.6 billion from $11.9 billion a year earlier.
