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3M Earnings, Revenue Beat in Q4 -Breaking


© Reuters. 3M earnings beat Q4 revenue

3M reported Tuesday the fourth quarter results that exceeded analysts’ expectations and generated revenue above all estimates.

3M declared earnings per share (EPS) of $2.31 based on $8.61 billion in revenue. Investing.com polled analyst to predict EPS of 2.02 per share on revenues of $8.6B.

The 3M shares have fallen 2% since the start of the year. However, they are still 17.30% below the 52-week high of $208.95 on May 10, 2021. They are outperforming the S&P 500 which is down 7.47% from the start of the year.

This month, 3M is following other significant Industrials sector earnings

3M reports on Union Pacific’s Thursday earnings beat. Union Pacific reported EPS for $5.73B at $2.66, while forecasts were for EPS to be $2.61 with revenue of $5.6B.

General Electric beat all expectations Tuesday, posting fourth quarter earnings per share of $0.92 on $20.3B in revenue. This compares to the $0.8458 forecasted for $21.34B revenue.

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

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.