(C) Reuters. 3M Earnings, Revenue Miss in Q2
Investing.com – 3M reported on Tuesday second quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations.
3M announced earnings per share of $1.78 on revenue of $7.18B. Analysts polled by Investing.com anticipated EPS of $1.8 on revenue of $7.32B.
3M shares are down 7% from the beginning of the year , still down 10.57% from its 52 week high of $182.54 set on January 14. They are under-performing the S&P Global (NYSE:SPGI) 100 which is up 1.72% from the start of the year.
3M’s report follows an earnings missed by ASML ADR on July 15, who reported EPS of $2.04 on revenue of $3.8B, compared to forecasts EPS of $2.25 on revenue of $3.8B.
Lockheed Martin had beat expectations on July 21 with second quarter EPS of $5.79 on revenue of $16.22B, compared to forecast for EPS of $5.72 on revenue of $15.23B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
3M Earnings, Revenue Miss in Q2
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.