Company News: 3M (MMM) reported better than expected fourth quarter earnings, but revenue missed forecasts

Market news

27 January 2015

Company News: 3M (MMM) reported better than expected fourth quarter earnings, but revenue missed forecasts

3M (MMM) earned $1.81 per share in the fourth quarter, missing analysts' estimate of $1.80. Revenue in the fourth quarter increased 2.0% year-over-year to $7.72 billion, but missing analysts' estimate of $7.77 billion.

The company released its forecasts for fiscal year 2015. EPS is expected to be $8.00-$8.30 (analysts' estimate:$8.20).

3M (MMM) are not traded prior to the opening bell yet.

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