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3M Company (MMM) Posts In-Line Q2 Earnings, Beats Revenues
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3M Company (MMM - Free Report) is a diversified technology company. It manufactures and markets products for customers in the industrial, health care, consumer, safety and graphics, and electronics and energy markets. It currently has approximately $120 billion market capitalization.
Despite a long-term growth potential, high retirement benefit cost, inflation in the prices of major inputs and escalating freight expenses might continue to be major concerns. Investors are eagerly waiting for the company’s latest earnings report.
3M Company delivered better-than-expected results in two of the last four quarters, while lagging estimate in one and posting in-line results in one. Average earnings surprise was a positive 2.12%.
Currently, 3M Company carries a Zacks Rank #4 (Sell), but that could definitely change after the release of second-quarter 2018 earnings report. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: 3M Company’s earnings came in at $2.59 per share in second-quarter of 2018. The bottom line result came in-line with the Zacks Consensus Estimate of $2.59 per share.
Revenue: Revenues surpassed. 3M Company generated revenues of $8,390 million, above the Zacks Consensus Estimate of $8,317 million.
Key Stats to Note: 3M Company increased its GAAP earnings per share guidance for 2018 from $8.68-$9.03 to $9.08-$9.38. Adjusted earnings per share are predicted to be $10.20-$10.45 as compared with $10.20-$10.55 expected earlier.
Stock Price: 3M Company shares were down roughly 1.5% ahead of the report.
Check back our full write up on this MMM earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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3M Company (MMM) Posts In-Line Q2 Earnings, Beats Revenues
3M Company (MMM - Free Report) is a diversified technology company. It manufactures and markets products for customers in the industrial, health care, consumer, safety and graphics, and electronics and energy markets. It currently has approximately $120 billion market capitalization.
Despite a long-term growth potential, high retirement benefit cost, inflation in the prices of major inputs and escalating freight expenses might continue to be major concerns. Investors are eagerly waiting for the company’s latest earnings report.
3M Company delivered better-than-expected results in two of the last four quarters, while lagging estimate in one and posting in-line results in one. Average earnings surprise was a positive 2.12%.
3M Company Price, Consensus and EPS Surprise
3M Company Price, Consensus and EPS Surprise | 3M Company Quote
Currently, 3M Company carries a Zacks Rank #4 (Sell), but that could definitely change after the release of second-quarter 2018 earnings report. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: 3M Company’s earnings came in at $2.59 per share in second-quarter of 2018. The bottom line result came in-line with the Zacks Consensus Estimate of $2.59 per share.
Revenue: Revenues surpassed. 3M Company generated revenues of $8,390 million, above the Zacks Consensus Estimate of $8,317 million.
Key Stats to Note: 3M Company increased its GAAP earnings per share guidance for 2018 from $8.68-$9.03 to $9.08-$9.38. Adjusted earnings per share are predicted to be $10.20-$10.45 as compared with $10.20-$10.55 expected earlier.
Stock Price: 3M Company shares were down roughly 1.5% ahead of the report.
Check back our full write up on this MMM earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>