3M Earnings, Revenue miss in Q2

© Reuters. 3M Earnings, Revenue miss in Q2

Investing.com – 3M (NYSE:) reported on Tuesday second quarter that missed analysts’ forecasts and revenue that fell short of expectations.

3M announced earnings per share of $1.78 on revenue of $7.18B. Analysts polled by Investing.com anticipated EPS of $1.8 on revenue of $7.32B.

3M shares are down 7% from the beginning of the year and are trading at $163.24 , down-from-52-week-high.They are under-performing the S&P Global (NYSE:) 100 which is up 1.72% from the start of the year.

3M follows other major Capital Goods sector earnings this month

3M’s report follows an earnings missed by ASML ADR on July 15, who reported EPS of $2.04 on revenue of $3.8B, compared to forecasts EPS of $2.25 on revenue of $3.8B.

Lockheed Martin had beat expectations on July 21 with second quarter EPS of $5.79 on revenue of $16.22B, compared to forecast for EPS of $5.72 on revenue of $15.23B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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