Recap: 3M Q3 Earnings

Shares of 3M MMM decreased 0.2% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 5.81% over the past year to $2.43, which beat the estimate of $2.26.

Revenue of $8,350,000,000 up by 4.49% from the same period last year, which beat the estimate of $8,290,000,000.

Outlook

3M hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Recent Stock Performance

52-week high: $182.54

52-week low: $114.04

Price action over last quarter: Up 6.24%

Company Profile

3M is a multinational conglomerate that has operated since 1902 when it was known as Minnesota Mining and Manufacturing. The company is well-known for its research and development laboratory, and the firm leverages its science and technology across multiple product categories. As of 2019, 3M is organized into four business segments: safety and industrial, transportation and electronics, healthcare, and consumer. About 60% of the company's revenue comes from outside the United States, with the safety and industrial segment constituting most of the firm's net sales. Many of the company's 55,000-plus products touch and concern a variety of consumers and end markets.