© Reuters. 3M Earnings, Revenue beat in Q2
Investing.com – 3M (NYSE:) reported on Tuesday second quarter that beat analysts’ forecasts and revenue that topped expectations.
3M announced earnings per share of $2.59 on revenue of $8.95B. Analysts polled by Investing.com anticipated EPS of $2.29 on revenue of $8.53B.
3M shares are up 15% from the beginning of the year and are trading at $201.67 , down-from-52-week-high.They are under-performing the S&P 500 which is up 17.74% from the start of the year.
3M follows other major Industrials sector earnings this month
3M’s report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $3.06 on revenue of $23.42B, compared to forecasts EPS of $2.79 on revenue of $23.19B.
Honeywell had beat expectations on Friday with second quarter EPS of $2.02 on revenue of $8.81B, compared to forecast for EPS of $1.94 on revenue of $8.64B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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