-=3M (MMM) reported earnings on Tue 24 Apr 2018 (b/o)

3M beats by $0.02, reports revs in-line; lowers FY18 EPS in-line 

• Reports Q1 (Mar) earnings of $2.50 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus of $2.48; revenues rose 7.7% year/year to $8.28 bln vs the $8.21 bln Capital IQ Consensus.
• Co lowers guidancefor FY18, sees EPS of $10.20-10.55 vs. $10.54 Capital IQ Consensus Estimate and versus a prior expectation of $10.20-10.70 per share.
• The company also updated its organic local-currency sales growth guidance to be in the range of +3-4%, versus a prior range of 3-5%.