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Tuesday, October 23, 2018

=3M (MMM) reported earnings on Tue 23 Oct 2018 (b/o)



3M misses by $0.12, misses on revs; guides FY18 EPS below consensus


  • Reports Q3 (Sep) earnings of $2.58 per share, $0.12 worse than the S&P Capital IQ Consensus of $2.70; revenues fell 0.2% year/year to $8.15 bln vs the $8.41 bln S&P Capital IQ Consensus.
  • Co issues lowered guidance for FY18, sees EPS of $9.90-10.00 from $10.20-10.45, excluding non-recurring items, vs. $10.28 S&P Capital IQ Consensus.

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