3M (MMM) PT Lowered to $164 at RBC Capital

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Go back to 3M (MMM) PT Lowered to $164 at RBC Capital

3M Co. (MMM) Q3 Revenue Misses Consensus, Q4 EPS Guidance Misses

October 24, 2019 6:33 AM EDT

3M Co. (NYSE: MMM) reported Q3 EPS of $2.72, may not compare with the analyst estimate of $2.49. Revenue for the quarter came in at $8 billion versus the consensus estimate of $8.16 billion.

Q3 2019 earnings include a $0.14 per share benefit from a divestiture gain

GUIDANCE:

3M Co. sees Q4 2019 EPS of $2.05-$2.15, versus the consensus of $2.41.

3M provided its fourth-quarter 2019 GAAP earnings guidance to be in the... More