3M (MMM) Q2 Earnings Top Views, Shares Trend Higher
Tweet Send to a Friend
Get Alerts MMM Hot Sheet
Price: $111.39 +0.29%
EPS Growth %: -1.2%
Financial Fact:
Interest expense: 39M
Today's EPS Names:
LBIX, ESEA, ISS, More
EPS Growth %: -1.2%
Financial Fact:
Interest expense: 39M
Today's EPS Names:
LBIX, ESEA, ISS, More
Trade MMM Now!
Shares of 3M Co. (NYSE: MMM) are higher in pre-market trading on Thursday. The company reported Q2 EPS of $1.66, $0.01 better than the analyst estimate of $1.65. This is an increase of 3.8 percent versus the second quarter of 2011. Revenue for the quarter came in at $7.53 billion versus the consensus estimate of $7.79 billion. Revenue was $7.7 billion for the same quarter last year.
"Our team performed very well in the quarter, delivering excellent productivity and record second-quarter earnings," said Inge G. Thulin, 3M chairman, president and chief executive officer. "We achieved these results through outstanding factory efficiency and cost discipline throughout the organization."
Looking ahead, 3M maintained its full-year 2012 earnings expectations of $6.35 to $6.50 per share. The company anticipates full-year organic local-currency sales growth of 2 to 5 percent and that foreign currency translation will reduce sales by approximately 3 percent for the year. 3M expects operating income margins in the range of 21.5 to 22.5 percent for the year.
Shares of MMM last traded at $90.45, up 1.9 percent from the close.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
"Our team performed very well in the quarter, delivering excellent productivity and record second-quarter earnings," said Inge G. Thulin, 3M chairman, president and chief executive officer. "We achieved these results through outstanding factory efficiency and cost discipline throughout the organization."
Looking ahead, 3M maintained its full-year 2012 earnings expectations of $6.35 to $6.50 per share. The company anticipates full-year organic local-currency sales growth of 2 to 5 percent and that foreign currency translation will reduce sales by approximately 3 percent for the year. 3M expects operating income margins in the range of 21.5 to 22.5 percent for the year.
Shares of MMM last traded at $90.45, up 1.9 percent from the close.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Applied Materials, Inc. (AMAT) Tops Q2 EPS by 3c, Offers Guidance
- UPDATE: Aruba Networks, Inc. (ARUN) Misses Q3 EPS by 4c, Guidance Light
- Macy's (M) Posts Q1 EPS of 55c; Comps Up 3.8%; Boosts Dividend 25%, Raises Buyback
Create E-mail Alert Related Categories
Earnings, Guidance, Hot EarningsRelated Entities
Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
