3M (NYSE:MMM) reported first quarter earnings that missed analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $2.23 on revenue of $7.86B. Analysts polled by forecast EPS of $2.49 on revenue of $8.03B. That compared to EPS of $2.5 on revenue of $8.28B in the same period a year earlier. The company had reported EPS of $2.31 on revenue of $7.95B in the previous quarter.
3M follows other major Capital Goods sector earnings this month
On Wednesday, Boeing reported first quarter EPS of $3.16 on revenue of $22.92B, compared to forecasts of EPS of $3.23 on revenue of $23.05B.
Honeywell earnings Beat analysts' expectations on April 18, with first quarter EPS of $1.92 on revenue of $8.88B. analysts expected EPS of $1.83 on revenue of $8.63B
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