Company News: 3M (MMM) quarterly earnings beat analysts’ estimate

Market news

29 January 2019

Company News: 3M (MMM) quarterly earnings beat analysts’ estimate

3M (MMM) reported Q4 FY 2018 earnings of $2.31 per share (versus $2.10 in Q4 FY 2017), beating analysts’ consensus estimate of $2.28.

The company’s quarterly revenues amounted to $7.945 bln (-0.6% y/y), being generally in line with analysts’ consensus estimate of $7.873 bln.

The company also lowered guidance for FY 2019, projecting EPS of $10.45 to $10.90 versus analysts’ consensus estimate of $10.70.

MMM rose to $198.50 (+2.74%) in pre-market trading.

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