Company News: 3M Co. (MMM) Quarterly Results Beat Analysts’ Estimates

Market news

26 April 2016

Company News: 3M Co. (MMM) Quarterly Results Beat Analysts’ Estimates

3M Co. reported Q1 FY 2016 earnings of $1.95 per share (versus $1.85 in Q1 FY 2015), beating analysts' consensus of $1.92.

The company's quarterly revenues amounted to $7.409 bln (-2.2% y/y), beating consensus estimate of $7.326. bln.

3M Co. reaffirmed guidance for FY 2016, projecting EPS of $8.10-8.45 versus analysts' consensus estimates of $8.24

MMM fell to $167.00 (-0.82%) in pre-market trading.

Company News: Barrick Gold (ABX) Q1 Earnings Beat Analysts’ Forecasts

Foreign exchange market. European session: the euro traded higher against the U.S. dollar in the absence of any major economic reports from the Eurozone.

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