3M Earnings Beat, Revenue Misses In Q1
2022.04.26 14:05
3M Earnings Beat, Revenue Misses In Q1
Investing.com – 3M reported on Tuesday first quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.
3M announced earnings per share of $2.65 on revenue of $8.8B. Analysts polled by Investing.com anticipated EPS of $2.32 on revenue of $8.83B.
3M shares are down 16% from the beginning of the year, still down 28.88% from its 52 week high of $208.95 set on May 10, 2021. They are under-performing the S&P 500 which is down 9.86% from the start of the year.
3M follows other major Industrials sector earnings this month
3M’s report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $3.05 on revenue of $24.38B, compared to forecasts EPS of $2.89 on revenue of $23.82B.
Union Pacific had beat expectations on Thursday with first quarter EPS of $2.57 on revenue of $5.86B, compared to forecast for EPS of $2.56 on revenue of $5.71B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
