3M Co. (MMM) Tops Q2 EPS by 30c, Revenue Beats, Offers Guidance
Get Alerts MMM Hot Sheet
Price: $92.02 -1.05%
EPS Growth %: 0.0%
Financial Fact:
Net income including noncontrolling interest: 1.33B
Today's EPS Names:
NLY, CP, RUSHA, More
EPS Growth %: 0.0%
Financial Fact:
Net income including noncontrolling interest: 1.33B
Today's EPS Names:
NLY, CP, RUSHA, More
Join SI Premium – FREE
3M Co. (NYSE: MMM) reported Q2 EPS of $2.59, $0.30 better than the analyst estimate of $2.29. Revenue for the quarter came in at $8.9 billion versus the consensus estimate of $8.47 billion.
GUIDANCE:
3M Co. sees FY2021 EPS of $9.70-$10.10, versus the consensus of $9.81.
- Based on a strong first half of the year, 3M updated its guidance for full-year 2021. The company expects reported total sales growth of 7 to 10 percent with organic local-currency sales growth in the range of 6 to 9 percent. This compares to the company's prior expectations for total sales growth of 5 to 8 percent with organic local-currency growth of 3 to 6 percent. 3M now forecasts earnings in the range of $9.70 to $10.10 per share versus a prior expectation of $9.20 to $9.70. The company expects full-year free cash flow conversion to be in the range of 90 to 100 percent versus a previous range of 95 to 105 percent, as referenced in the "Supplemental Financial Information Non-GAAP Measures" section.
For earnings history and earnings-related data on 3M Co. (MMM) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- ATN International (ATNI) Misses Q1 EPS by 46c ; Offers Guidance
- Ternium SA (TX) Tops Q1 EPS by 17c
- National Capital Bancorp, Inc. (NACB) Reports Q1 Revenue
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!