3M Co. (MMM) Down 5% On Q3 Miss, Weak Guidance
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3M Co. (NYSE: MMM) is under heavy pressure early Tuesday following a Q3 "miss" and lower guidance.
3M reported Q3 EPS of $1.52, $0.09 worse than the analyst estimate of $1.61. Revenue for the quarter came in at $7.53 billion versus the consensus estimate of $7.78 billion. The company sees FY2011 EPS of $5.85-$5.95, versus prior guidance of $6.10-$6.25 and the consensus of $6.16.
3M last traded at $77.77, down 5% from the close.
3M reported Q3 EPS of $1.52, $0.09 worse than the analyst estimate of $1.61. Revenue for the quarter came in at $7.53 billion versus the consensus estimate of $7.78 billion. The company sees FY2011 EPS of $5.85-$5.95, versus prior guidance of $6.10-$6.25 and the consensus of $6.16.
3M last traded at $77.77, down 5% from the close.
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