3M Reports Fourth-Quarter 2018 Results
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Go back to 3M Reports Fourth-Quarter 2018 Results
January 30, 2019 6:24 AM EST
RBC Capital analyst Deane Dray lowered the price target on 3M (NYSE: MMM) to $210.00 (from $213.00) while maintaining a Outperform rating.
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January 29, 2019 6:33 AM EST
3M Co. (NYSE: MMM) reported Q4 EPS of $2.31, $0.03 better than the analyst estimate of $2.28. Revenue for the quarter came in at $7.95 billion versus the consensus estimate of $7.87 billion.
Sales of $7.9 billion, down 0.6 percent year-on-yearOrganic local-currency sales growth of 3.0 percent; growth across all business groups and all geographic areasGAAP EPS of $2.27 vs. $0.85 last year, up 167 percent year-on-yearQ4 2018 earnings included a net charge of $0.04 per share for tax adjustments related to both the Tax Cuts and Jobs Act (TCJA) and the Q1 2018 legal settlement; and a $0.02 per share...
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