- Company News: 3M (MMM) quarterly earnings beat analysts’ expectations
Market news
24 April 2018
Company News: 3M (MMM) quarterly earnings beat analysts’ expectations
3M (MMM) reported Q1 FY 2018 earnings of $2.50 per share (versus $2.16 in Q1 FY 2017), beating analysts' consensus estimate of $2.48.
The company's quarterly revenues amounted to $8.278 bln (+7.70% y/y), generally in-line with analysts' consensus estimate of $8.213 bln.
The company lowered guidance for FY 2018, projecting EPS of $10.20-10.55 (compared to analysts' consensus estimate of $10.54 and its prior expectation of $10.20-10.70) and organic sales growth guidance in the range of +3-4% y/y (compared to a prior range of +3-5% y/y).
MMM fell to $208.00 (-3.65%) in pre-market trading.
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