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3M COMPANY (MMM) Tops Q3 EPS by 2c; Lifts FY14 Profit Outlook

October 23, 2014 7:33 AM EDT

3M COMPANY (NYSE: MMM) reported Q3 EPS of $1.98, $0.02 better than the analyst estimate of $1.96. Revenue for the quarter came in at $8.14 billion versus the consensus estimate of $8.24 billion.

“This was another strong quarter for 3M,” said Inge G. Thulin, 3M’s chairman, president and chief executive officer. “The 3M team once again delivered broad-based organic growth with operating margins exceeding 22 percent in all businesses. As we look forward, our focus will remain on actively managing the portfolio and strategically investing in the business to continue delivering profitable growth across the company. 3M remains on track to deliver its long-term financial objectives.”

3M COMPANY sees FY2014 EPS of $7.40-$7.50, versus prior guidance of $7.3-$7.55 and the consensus of $7.46.

For earnings history and earnings-related data on 3M COMPANY (MMM) click here.



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