25.10.2022 12:42:04
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3M Co. Q3 Profit Increases, beats estimates
(RTTNews) - 3M Co. (MMM) released a profit for its third quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $3.86 billion, or $6.77 per share. This compares with $1.43 billion, or $2.45 per share, in last year's third quarter.
Excluding items, 3M Co. reported adjusted earnings of $1.53 billion or $2.69 per share for the period.
Analysts on average had expected the company to earn $2.60 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 3.6% to $8.62 billion from $8.94 billion last year.
3M Co. earnings at a glance (GAAP) :
-Earnings (Q3): $3.86 Bln. vs. $1.43 Bln. last year. -EPS (Q3): $6.77 vs. $2.45 last year. -Analyst Estimate: $2.60 -Revenue (Q3): $8.62 Bln vs. $8.94 Bln last year.

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Aktien in diesem Artikel
3M Co. | 137,80 | 2,16% |
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