3M Q2 Adj. EPS $2.17 Beats $1.72 Estimate, Adj. Sales $7.99B Beat $7.87B Estimate
Portfolio Pulse from Benzinga Newsdesk
3M reported Q2 earnings of $2.17 per share, beating the analyst consensus estimate of $1.72 by 26.16%. However, this is a 11.43% decrease from the same period last year. The company also reported quarterly sales of $7.99 billion, beating the estimate of $7.87 billion by 1.52%, but this is a 8.18% decrease from last year.
July 25, 2023 | 10:32 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
3M's Q2 earnings and sales beat estimates but are down from last year.
While 3M beat the estimates for Q2 earnings and sales, the year-on-year decreases could potentially concern investors, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100