- Company News: 3M (MMM) Q2 EPS miss analysts’ estimate
Market news
25 July 2017
Company News: 3M (MMM) Q2 EPS miss analysts’ estimate
3M (MMM) reported Q2 FY 2017 earnings of $2.58 per share (versus $2.08 in Q2 FY 2016), missing analysts' consensus estimate of $2.59.
The company's quarterly revenues amounted to $7.810 bln (+1.9% y/y), generally in-line with analysts' consensus estimate of $7.858 bln.
The company also raised the low end of guidance for FY 2017 EPS to $8.80-9.05 from $8.70-9.05 (versus analysts' consensus estimate of $8.98).
MMM fell to $206.35 (-1.74%) in pre-market trading.
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