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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