30.04.2024 13:02:11 - dpa-AFX: ROUNDUP: 3M Q1 Profit Down, But Beats Estimates

MAPLEWOOD (dpa-AFX) - (Adds Outlook)

For the full year, 3M Co. (MMM) forecasts earnings of $6.80 to $7.30 per share,
excluding items.

Analysts on average expect the company to report earnings of $7 a share.

Q1 Results:

3M Co. announced earnings for first quarter that decreased from last year but
beat the Street estimates.

The company's bottom line came in at $928 million, or $1.67 per share. This
compares with $976 million, or $1.76 per share, in last year's first quarter.

Excluding items, 3M Co. reported adjusted earnings of $1.33 billion or $2.39 per
share for the period.

Analysts on average had expected the company to earn $1.96 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 0.4% to $8.00 billion from $8.03
billion last year.

3M Co. earnings at a glance (GAAP) :

-Earnings (Q1): $928 Mln. vs. $976 Mln. last year.
-EPS (Q1): $1.67 vs. $1.76 last year.
-Revenue (Q1): $8.00 Bln vs. $8.03 Bln last year.

-Guidance:
Full year EPS guidance: $6.80 to $7.30



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
3M CO. DL-,01 851745 Frankfurt 96,730 17.05.24 21:36:58 +0,470 +0,49% 0,000 0,000 96,790 96,260

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