Earnings for 3M fell short by $0.09, but sales beat expectations.
The fourth quarter earnings per share for 3M (NYSE: MMM) were $2.28, which was $0.09 less than what analysts expected, which was $2.37. The actual revenue for the quarter was $8.1 billion, which was higher than the $8.06 billion predicted by most analysts.
Guidance: 3M thinks that its earnings per share (EPS) for fiscal year 2023 will be between $8.50 and $9, while the average estimate from analysts is $10.22.
The stock price of 3M ended the day at $122.62. It has gone down 0.15 percent in the last three months and 29.43 percent in the last year.
In the last 90 days, 3M’s EPS was changed twice for the better and 12 times for the worse. See how the stock price of 3M has responded to earnings in the past.
Related: Analysts raise their predictions for China’s earnings in 2023 because they think the country will be able to reopen its markets.
InvestingPro says that 3M’s score for its financial health is “good performance.”
Here, you can look at 3M’s most recent earnings report and financials.