3M Delivers Second-Quarter Sales of $7.8 Billion and Earnings of $2.58 per Share; Company Updates Its 2017 Outlook

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Go back to 3M Delivers Second-Quarter Sales of $7.8 Billion and Earnings of $2.58 per Share; Company Updates Its 2017 Outlook

3M (MMM) PT Lowered to $209 at RBC Capital Following 2Q

July 26, 2017 7:05 AM EDT

RBC Capital lowered its price target on 3M (NYSE: MMM) to $209.00 (from $210.00) while maintaining a Sector Perform rating following the company's 2Q and price decline. Analyst Deane Dray highlighted that 3Ms -30 bps pricing decline in 2Q17 was far more innocuous and contained, attributable... More

3M Co. (MMM) Tops Q2 EPS by 4c, Sales Miss; Raises Low End of View

July 25, 2017 7:32 AM EDT

3M Co. (NYSE: MMM) reported Q2 EPS of $2.58, $0.04 better than the analyst estimate of $2.54. Revenue for the quarter came in at $7.8 billion versus the consensus estimate of $7.86 billion.

GUIDANCE:

3M Co. sees Q3 2017 EPS of $8.80-$9.05, versus $8.70 to $9.05 and the... More