- Company News: 3M (MMM) posts good Q4 financials
Market news
24 January 2017
Company News: 3M (MMM) posts good Q4 financials
3M reported Q4 FY 2016 earnings of $1.88 per share (versus $1.80 in Q4 FY 2015), beating analysts' consensus estimate of $1.87.
The company's quarterly revenues amounted to $7.329 bln (+0.4% y/y), generally in-line with analysts' consensus estimate of $7.338 bln.
The company also reaffirmed guidance for FY 2017, projecting EPS of $8.45-8.80 (versus analysts' consensus estimate of $8.62) and organic sales growth at +1-3%.
MMM rose to $179.00 (+0.27%) in pre-market trading.
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