Investing.com - 3M reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
3M announced earnings per share of $2.43 on revenue of $8.35B. Analysts polled by Investing.com anticipated EPS of $2.26 on revenue of $8.31B.
3M shares are down 5% from the beginning of the year, still down 8.97% from its 52 week high of $182.54 set on January 14. They are under-performing the S&P Global (NYSE:SPGI) 100 which is up 4.45% from the start of the year.
3M follows other major Capital Goods sector earnings this month
3M's report follows an earnings beat by ASML ADR on October 14, who reported EPS of $2.99 on revenue of $4.65B, compared to forecasts EPS of $2.64 on revenue of $4.36B.
Lockheed Martin had beat expectations on October 20 with third quarter EPS of $6.25 on revenue of $16.5B, compared to forecast for EPS of $6.09 on revenue of $16.11B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar