3M (MMM) Q2 Earnings Top Views, Shares Trend Higher
Tweet
Share
E-mail
Get Alerts MMM Hot Sheet
Price: $180.66 -0.15%
Financial Fact:
Less: Net income attributable to noncontrolling interest: 2M
Today's EPS Names:
JAGX, CLIR, ZTO, More
Financial Fact:
Less: Net income attributable to noncontrolling interest: 2M
Today's EPS Names:
JAGX, CLIR, ZTO, More
Join SI Premium – FREE
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.
"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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Nordson Corp. (NDSN) Tops Q3 EPS by 16c; Offers Guidance
- TJX stock drops as profit outlook falls short of analyst estimates
- FOMC minutes from July 28-29th meeting
Create E-mail Alert Related Categories
Earnings, Guidance, Hot EarningsRelated Entities
EarningsSign 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!
