05:17 PM EDT, 08/08/2024 (MT Newswires) -- Solventum ( SOLV ) reported Q2 non-GAAP earnings late Thursday of $1.56 per share, down from $2.44 a year earlier.

Four analysts polled by Capital IQ expected $1.51.

Net sales for the quarter that ended June 30 was $2.081 billion, up from $2.076 billion a year earlier.

Three analysts surveyed by Capital IQ expected $2.05 billion.

The company said it expects full-year 2024 adjusted EPS of $6.30 to $6.50, compared with prior projections of $6.10 to $6.40. Analysts surveyed by Capital IQ expect $6.24.

The company now expects 2024 organic sales growth of flat to up 1%, versus previous guidance of a decline of 2% to flat.

Shares of Solventum ( SOLV ) traded 3.6% higher in after-hours activity.

Price: 60.77, Change: +2.11, Percent Change: +3.60