Company News: 3M (MMM) quarterly results miss analysts’ forecasts

Market news

28 July 2020

Company News: 3M (MMM) quarterly results miss analysts’ forecasts

3M (MMM) reported Q2 FY 2020 earnings of $1.78 per share (versus $2.20 per share in Q2 FY 2019), missing analysts’ consensus estimate of $1.79 per share.

The company’s quarterly revenues amounted to $7.176 bln (-12.2% y/y), missing analysts’ consensus estimate of $7.286 bln.

MMM fell to $158.30 (-3.03%) in pre-market trading.

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