Shares of 3M MMM moved higher by 0.6% in pre-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share increased 10.70% over the past year to $2.38, which beat the estimate of $2.15.
Revenue of $8,583,000,000 rose by 5.82% year over year, which beat the estimate of $8,400,000,000.
Looking Ahead
3M said it sees FY21 EPS of $9.20-$9.70.
Details Of The Call
Date: Jan 26, 2021
Time: 09:00 AM
ET Webcast URL: https://3mtv.mmm.com/public/QwikCast/QwikCastEvent?eventKey=7633d319-6b9c-4099-9175-74c5e511f4d3
Technicals
52-week high: $180.59
52-week low: $114.04
Price action over last quarter: Up 8.09%
Company Description
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.
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