Company News: 3M Company (MMM) Quarterly Results Beat Expectations

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26 January 2016

Company News: 3M Company (MMM) Quarterly Results Beat Expectations

3M Company reported Q4 FY 2015 earnings of $1.66 (including $0.14 in restructuring charges) per share (versus $1.81 in Q4 FY 2014), beating analysts' consensus of $1.62.

The company's quarterly revenues amounted to $7.298 bln (-5.5% y/y), slightly beating consensus estimate of $7.208 bln.

3M Company reaffirmed guidance for FY 2016, projecting EPS of $8.10-8.45 ersus analysts' consensus of $8.22.

MMM fell to $137.57 (-1.40%) in yesterday's trading.

Foreign exchange market. European session: the British pound traded mixed against the U.S. dollar on comments by the Bank of England (BoE) Governor Mark Carney

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