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3M's Q2 Adjusted Earnings Increase, Net Sales Decline
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3M's Q2 Adjusted Earnings Increase, Net Sales Decline
Jul 26, 2024 4:21 AM

06:58 AM EDT, 07/26/2024 (MT Newswires) -- 3M ( MMM ) reported Q2 adjusted earnings Friday of $1.93 per diluted share, up from $1.39 a year earlier.

Analysts polled by Capital IQ expected $1.68.

Net sales for the quarter ended June 30 were $6.26 billion compared with $6.28 billion a year earlier.

Analysts polled by Capital IQ expected $5.83 billion.

The company now expects full-year adjusted earnings per share of $7.00 to $7.30, from the previous range of $6.80 to $7.30, and maintained a sales forecast of a 0.25% decline to a 1.75% increase. Analysts polled by Capital IQ expect $7.18 in adjusted earnings per share on revenue of $23.60 billion.

Shares of 3M ( MMM ) were up over 6% premarket.

Price: 109.20, Change: +5.81, Percent Change: +5.62

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