• Company News: 3M (MMM) Q3 profit beats expectations

Market news

22 October 2015

Company News: 3M (MMM) Q3 profit beats expectations

3M Company reported Q3 earnings of $2.05 per share (versus $1.98 in Q3 FY 2014), beating analysts' consensus of $2.01.

The company's revenues amounted to $7.712 bln (-5.2% y/y), slightly missing consensus estimate of $7.845 bln.

3M downgraded its EPS FY15 guidance to $7.73-7.78 from $7.73-7.93. The analysts' consensus forecast for the company's EPS FY15 stands at $7.78.

MMM fell to $148.17 (-1.10%) in pre-market trading.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.