Earnings were January 29th
cap 2 is the prior sale on
3M Company (MMM - Get Report) posted modestly better than-expected fourth quarter earnings Tuesday but trimmed its 2019 profit guidance and said it was positioned for a "successful 2019" despite increasing concerns over global demand linked to a slowdown in China.
3M said earnings for the three months ending in December came in at $2.27 per share, up 8% from the same period last year. Adjusted earnings of $2.31, however, topped the consensus forecast of $2.28. Group sales, 3M said, slipped 1.2% to $7.9 billion but were just ahead of the $7.86 billion estimate.
3M said it sees full year 2019 earnings in the range of $10.45 to $10.90, largely in-line with the Refinitiv forecast of $10.74, but lower than the $10.60 to $11.05 range it issued late last year. 3M also kept its organic, local-currency revenue growth forecasts unchanged at a range of 1% to 4%.
https://www.thestreet.com/investing/earnings/3m-misses-q4-earnings-estimate-trims-2019-profit-guidance-14848044
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