Company News: 3M (MMM) Q3 results miss analysts’ estimates

Market news

23 October 2018

Company News: 3M (MMM) Q3 results miss analysts’ estimates

3M (MMM) reported Q3 FY 2018 earnings of $2.58 per share (versus $2.33 in Q3 FY 2017), missing analysts' consensus estimate of $2.70.

The company's quarterly revenues amounted to $8.152 bln (-0.2% y/y), missing analysts' consensus estimate of $8.413 bln.

The company also issued lowered guidance for FY 2018, projected EPS of $9.90-10.00 compared to its prior guidance of $10.20-10.45 and analysts' consensus estimate of $10.28.

MMM fell to $186.50 (-7.38%) in pre-market trading.

Company News: Caterpillar (CAT) Q3 results beat analysts’ forecasts

UK manufacturing new orders fell at the fastest pace in three years in the quarter to October - CBI

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