3M Q3 2024 Adj. EPS $1.98 Beats $1.90 Estimate, Sales $6.294B Beat $6.057B Estimate
Portfolio Pulse from Benzinga Newsdesk
3M reported Q3 2024 earnings per share of $1.98, surpassing the analyst estimate of $1.90. Sales were $6.294 billion, also beating the $6.057 billion estimate, despite a 21.52% decrease from the previous year.
October 22, 2024 | 10:32 am
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3M's Q3 2024 earnings exceeded expectations with an EPS of $1.98 and sales of $6.294 billion, despite a significant year-over-year sales decline.
3M's earnings and sales both exceeded analyst expectations, which is typically a positive indicator for stock performance. However, the significant year-over-year sales decline may temper investor enthusiasm.
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