3M Q1 2024 Adj EPS $2.39 Beats $2.10 Estimate, Sales $8.003B Beat $7.630B Estimate, Non-GAAP Net Sales $7.722B
Portfolio Pulse from Benzinga Newsdesk
3M reported its Q1 2024 adjusted earnings per share (EPS) at $2.39, surpassing the estimated $2.10. The company's sales reached $8.003 billion, exceeding the forecast of $7.630 billion. Non-GAAP net sales were reported at $7.722 billion.
April 30, 2024 | 10:31 am
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3M's Q1 2024 earnings and sales exceeded analyst expectations, with adjusted EPS at $2.39 against a $2.10 estimate and sales of $8.003B surpassing the $7.630B forecast.
Beating both EPS and sales estimates significantly indicates a strong financial performance and operational efficiency, which is likely to positively influence investor sentiment and stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100