3M Co. (MMM) Misses Q1 EPS by 8c

3M Co. (NYSE: MMM) reported Q1 EPS of $1.85, $0.08 worse than the analyst estimate of $1.93. Revenue for the quarter came in at $7.6 billion versus the consensus estimate of $7.85 billion.

The company noted that foreign currency impacts reduced first-quarter pre-tax earnings by approximately $90 million or the equivalent of $0.10 per share. For 2015 in total, 3M now expects foreign currency impacts to reduce earnings by $0.35 to $0.40 per share versus a prior expectation of negative $0.20 per share.

For earnings history and earnings-related data on 3M Co. (MMM) click here.

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