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

Market news

26 January 2021

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

3M (MMM) reported Q4 FY 2020 earnings of $2.38 per share (versus $1.95 per share in Q4 FY 2019), beating analysts’ consensus estimate of $2.17 per share.

The company’s quarterly revenues amounted to $8.583 bln (+5.8% y/y), beating analysts’ consensus estimate of $8.389 bln.

The company also issued in-line guidance for FY 2021, projecting EPS of $9.20-9.70 versus analysts’ consensus estimate of $9.52 and revenues of +5-8% (implying $33.8-34.8 bln) versus analysts’ consensus estimate of $33.95 bln.

MMM rose to $171.84 (+0.85%) in pre-market trading.

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