Investing.com - 3M reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
3M announced earnings per share of $2.38 on revenue of $8.58B. Analysts polled by Investing.com anticipated EPS of $2.15 on revenue of $8.39B.
3M shares are down 2% from the beginning of the year, still down 5.65% from its 52 week high of $180.59 set on January 27, 2020. They are under-performing the S&P Global 100 which is up 3.1% from the start of the year.
3M follows other major Technology sector earnings this month
3M's report follows an earnings beat by Taiwan Semiconductor on January 14, who reported EPS of $0.9851 on revenue of $12.93B, compared to forecasts EPS of $0.9362 on revenue of $12.85B.
Intel had beat expectations on Thursday with fourth quarter EPS of $1.52 on revenue of $19.98B, compared to forecast for EPS of $1.11 on revenue of $17.53B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar