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

Market news

25 January 2018

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

3M (MMM) reported Q4 FY 2017 earnings of $2.10 per share (versus $1.88 in Q4 FY 2016), beating analysts' consensus estimate of $2.03.

The company's quarterly revenues amounted to $7.990 bln (+9.0% y/y), beating analysts' consensus estimate of $7.845 bln.

The company issued upside guidance for FY 2018, projecting EPS of $10.20-10.70 versus its prior guidance of $9.60-10.00 and analysts' consensus estimate of $9.90.

It also raised dividend by 16% y/y to $1.36/share for Q1 FY 2018.

MMM rose to $254.02 (+2.56%) in pre-market trading.

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