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3M (MMM) Beats on Q1 Earnings & Sales, Suspends 2020 View
3M Company MMM has reported better-than-expected results for the first quarter of 2020, with earnings and sales surpassing estimates by 6.9% and 1%, respectively. The impressive results amid the uncertainties related to the coronavirus outbreak seem to have supported the company’s share price increase of 4.8% in the pre-market session.
Its adjusted earnings in the reported quarter were $2.16 per share, surpassing the Zacks Consensus Estimate of $2.02. However, the bottom line decreased 2.7% from the year-ago quarter figure of $2.22. The results suffered from the adverse impacts of higher taxes, forex woes (8 cents per share) and acquisitions/divestitures, partially offset by gains from organic volume and lower share count.
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https://finance.yahoo.com/news/3m-mmm-be...01186.html
![[Bild: MMMc1dl1502.png]](https://finviz.com/publish/042820/MMMc1dl1502.png)
3M Company MMM has reported better-than-expected results for the first quarter of 2020, with earnings and sales surpassing estimates by 6.9% and 1%, respectively. The impressive results amid the uncertainties related to the coronavirus outbreak seem to have supported the company’s share price increase of 4.8% in the pre-market session.
Its adjusted earnings in the reported quarter were $2.16 per share, surpassing the Zacks Consensus Estimate of $2.02. However, the bottom line decreased 2.7% from the year-ago quarter figure of $2.22. The results suffered from the adverse impacts of higher taxes, forex woes (8 cents per share) and acquisitions/divestitures, partially offset by gains from organic volume and lower share count.
...
https://finance.yahoo.com/news/3m-mmm-be...01186.html
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