© Reuters. 3M Earnings, Revenue Beat in Q4
Investing.com – 3M reported on Tuesday fourth quarter that beat analysts’ forecasts and revenue that topped expectations.
3M announced earnings per share of $2.31 on revenue of $8.61B. Analysts polled by Investing.com anticipated EPS of $2.02 on revenue of $8.6B.
3M shares are down 2% from the beginning of the year, still down 17.30% from its 52 week high of $208.95 set on May 10, 2021. They are outperforming the S&P 500 which is down 7.47% from the start of the year.
3M follows other major Industrials sector earnings this month
3M’s report follows an earnings beat by Union Pacific on Thursday, who reported EPS of $2.66 on revenue of $5.73B, compared to forecasts EPS of $2.61 on revenue of $5.6B.
General Electric had beat expectations on Tuesday with fourth quarter EPS of $0.92 on revenue of $20.3B, compared to forecast for EPS of $0.8458 on revenue of $21.34B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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