3M Earnings Surpass Expectations with $0.08 Beat; Profit Exceeds Forecast

3M (NYSE: MMM) reported third-quarter earnings per share of $1.98, surpassing analysts' expectations of $1.90 by $0.08. The reported revenue for the quarter was $6.1 billion, compared to analysts' estimates of $6.06 billion.

Guidance For the fiscal year 2024, 3M projected earnings per share to be between $7.20 and $7.30, while analysts had forecasted $7.26.

Shares of 3M closed at $134.84, indicating a 30.42% increase in value over the last three months and an 88.41% rise over the past 12 months. In the last 90 days, 3M saw 2 positive earnings per share estimates and 11 negative ones. According to InvestingPro, 3M’s financial health score is "Very Good performance."