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3M Co. Announces Rise In Q3 Earnings


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(RTTNews.com) - 3M Co. ( MMM ) reported a profit for its third quarter that rose from the same period last year.

The company's bottom line came in at $1.54 billion, or $2.58 per share. This compares with $1.43 billion, or $2.33 per share, in last year's third quarter.

Analysts had expected the company to earn $2.70 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.2% to $8.15 billion from $8.17 billion last year.

3M Co. earnings at a glance:


-Earnings (Q3): $1.54 Bln. vs. $1.43 Bln. last year.
-EPS (Q3): $2.58 vs. $2.33 last year.
-Analysts Estimate: $2.70
-Revenue (Q3): $8.15 Bln vs. $8.17 Bln last year.

<b>-Guidance</b>:

Full year EPS guidance: $9.90 to $10.00

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This article appears in: Fundamental Analysis , World Markets , Stocks , Earnings
Referenced Symbols: MMM



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