Company News: 3M (MMM) quarterly results beat analysts’ expectations

Market news

24 October 2017

Company News: 3M (MMM) quarterly results beat analysts’ expectations

3M (MMM) reported Q3 FY 2017 earnings of $2.33 per share (versus $2.15 in Q3 FY 2016), beating analysts' consensus estimate of $2.21.

The company's quarterly revenues amounted to $8.172 bln (+6.0% y/y), beating analysts' consensus estimate of $7.927 bln.

The company also issued raised guidance for FY2017 EPS of $9.00-9.10 from $8.80-9.05, versus analysts' consensus estimate of $8.96.

MMM rose to $229.39 (+3.54%) in pre-market trading.

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