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3M Earnings, Revenue Beat in Q2

Published 07/26/2022, 06:35 AM
© Reuters. 3M Earnings, Revenue Beat in Q2

Investing.com - 3M reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.

3M announced earnings per share of $2.48 on revenue of $8.7B. Analysts polled by Investing.com anticipated EPS of $2.43 on revenue of $8.6B.

3M shares are down 24% from the beginning of the year, still down 33.86% from its 52 week high of $202.77 set on August 16, 2021. They are under-performing the Dow Jones which is down 11.97% from the start of the year.

3M follows other major Industrials sector earnings this month

3M's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $3.29 on revenue of $24.77B, compared to forecasts EPS of $3.16 on revenue of $24.65B.

Union Pacific had beat expectations on Thursday with second quarter EPS of $2.93 on revenue of $6.27B, compared to forecast for EPS of $2.84 on revenue of $6.12B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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