3M (NYSE:MMM) reported third quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $2.58 on revenue of $7.99B. Analysts polled by anticipated EPS of $2.49 on revenue of $8.17B. That compared to EPS of $2.58 on revenue of $8.15B in the same period a year earlier. The company had reported EPS of $2.2 on revenue of $8.17B in the previous quarter.
3M follows other major Capital Goods sector earnings this month
On Wednesday, Boeing reported third quarter EPS of $1.45 on revenue of $19.98B, compared to forecasts of EPS of $2.08 on revenue of $19.56B.
Honeywell earnings beat analysts' expectations on October 17, with third quarter EPS of $2.08 on revenue of $9.09B. analysts expected EPS of $2.01 on revenue of $9.12B
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