3M Company (MMM) Misses Q1 EPS by 1c

3M Company (NYSE: MMM) reported Q1 EPS of $1.79, $0.01 worse than the analyst estimate of $1.80. Revenue for the quarter came in at $7.8 billion versus the consensus estimate of $7.96 billion.

“This was a solid quarter for 3M,” said Inge G. Thulin, 3M’s chairman, president and chief executive officer. “Our teams delivered positive organic growth in all business groups and geographic areas, we posted strong margins across the portfolio and we returned a record amount of cash to shareholders. At the same time we increased investments in R&D and commercialization to help secure future growth in the business. 3M is well-positioned to generate sustainable, profitable growth far into the future.”

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

You May Also Be Interested In

• BofA lists top 5 themes driving next $1tn in incremental semi sales
• Deutsche Bank Starts DexCom (DXCM) at Buy
• Winnebago Industries (WGO) PT Lowered to $40 at Benchmark on Pressured NT Demand