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

Noticias del mercado

25 julio 2019

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

3M (MMM) reported Q2 FY 2019 earnings of $2.20 per share (versus $2.59 in Q2 FY 2018), beating analysts’ consensus estimate of $2.07.

The company’s quarterly revenues amounted to $8.171 bln (-2.6% y/y), generally in line with analysts’ consensus estimate of $8.105 bln.

The company also reaffirmed guidance for FY 2019, projecting EPS of $9.25-9.75 versus analysts’ consensus estimate of $9.36.

MMM rose to $187.50 (+4.50%) in pre-market trading.

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