- Company News: 3M (MMM) quarterly results beat analysts’ forecasts
Market news
27 April 2021
Company News: 3M (MMM) quarterly results beat analysts’ forecasts
3M (MMM) reported Q1 FY 2021 earnings of $2.77 per share (versus $2.16 per share in Q1 FY 2020), beating analysts’ consensus estimate of $2.29 per share.
The company’s quarterly revenues amounted to $8.851 bln (+9.6% y/y), beating analysts’ consensus estimate of $8.432 bln.
The company also issued in-line guidance for FY 2021, projecting EPS of $9.20-9.70 versus analysts’ consensus estimate of $9.59 and revenues growth of 5-8%, which translates to $33.79-34.76 bln versus analysts’ consensus estimate of $34.33 bln.
MMM rose to $200.63 (+0.50%) in pre-market trading.
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