3M Q2 2024 Adj EPS $1.93 Beats $1.68 Estimate, Sales $6.300B Beat $5.878B Estimate
Portfolio Pulse from Benzinga Newsdesk
3M (NYSE:MMM) reported Q2 2024 adjusted EPS of $1.93, beating the $1.68 estimate. Sales were $6.300 billion, surpassing the $5.878 billion estimate. However, both EPS and sales decreased compared to the same period last year.
July 26, 2024 | 10:30 am
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3M's Q2 2024 earnings and sales beat analyst estimates, but both metrics showed a year-over-year decline. This mixed result may lead to short-term volatility in the stock price.
While 3M's earnings and sales exceeded analyst expectations, the year-over-year decline in both metrics could cause mixed reactions among investors, leading to short-term volatility in the stock price.
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