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3M Earnings, Revenue Beat in Q3 -Breaking

by Mike Robinson

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© Reuters. 3M Revenue Beats in Q3

3M reports Tuesday on the third quarter, beating analysts’ estimates and exceeding expectations.

3M reported earnings per share at $2.45 for revenue $8.94B. Investing.com asked analysts to forecast EPS of $2.2 based on $8.64B in revenue.

The 3M shares have risen 4% since the start of the year but are still 12.71% below the 52-week high of $208.95, which was set May 10. They are under-performing the S&P 500 which is up 21.58% from the start of the year.

This month, 3M is following other capital goods sector earnings

3M’s earnings report comes after an ASML ADR earnings beat on October 20. They reported EPS at $4.97 for revenue $6.1B. This compares to the forecasts of EPS at $4.61 for revenue $6.19B.

Honeywell exceeded expectations with a $2.02 EPS on revenues of $8.47B for the third quarter, as compared to $1.99 EPS on revenues of $8.66B.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar

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