Investing.com - 3M announced fourth quarter earnings that beat analysts' expectations on Tuesday and revenue that was inline with forecasts.
The company reported earnings per share of $2.15 on revenue of $8.11B. Analysts polled by Investing.com expected EPS of $2.11 on revenue of $8.11B. That compared to EPS of $2.31 on revenue of $7.95B in the same quarter a year earlier. 3M had announced EPS of $2.58 on revenue of $7.99B in the prior quarter.
Analysts are expecting EPS of $2.21 and revenue of $8.27B in the upcoming quarter.
3M stock's are down 0.45% from the beginning of the year , still down 20.08% from its 52 week high of $219.75 set on April 24, 2019.
3M follows other major Capital Goods sector earnings this month
On January 22, ASML ADR announced fourth quarter EPS of $2.99 on revenue of $4.47B, compared to a forecasts for EPS of $3.01 on revenue of $4.35B.
DR Horton earnings beat analysts' expectations on Monday, with first quarter EPS of $1.16 on revenue of $4.02B. Investing.com analysts expected EPS of $0.91 on revenue of $3.75B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar