Categories AlphaGraphs, Earnings, Industrials

3M stock jumps 3% on stronger-than-expected Q4 earnings

3M (MMM) reported a 0.6% decline in fourth-quarter net sales to $7.94 billion, which came in line with what analysts were expecting. Earnings rose to $2.31 per share from $2.10 per share last year, surpassing analysts’ estimate of $2.27 cents per share.

On a GAAP basis, earnings jumped 167% to $2.27 per share.

3M Q4 earnings infographic

3M stock jumped 3% post the earnings announcement. Shares of the manufacturing giant have declined 25% in the last 12 months. In the last three months, however, the stock improved 4.1% despite the industry decline of 4% on many factors including the China-US trade stand-off.

3M Q4 2018 complete earnings call transcript

In Q4, total sales rose 3.3% in the US, while in all the other markets, it witnessed declines. EMEA saw the biggest decline of 6.4% during the quarter.

3M slashed its EPS outlook for the full year 2019 to a range of $10.45 to $10.90, compared to the prior projection of $10.60 to $11.05 per share.

Caterpillar stock dips on weak Q4 earnings

CEO Mike Roman said, “ We delivered organic growth of 3%, which included growth across all business groups and geographic areas, along with strong cash flow and earnings.”

The Maplewood, Minnesota-based maker of consumer goods said it paid $787 million in cash dividends to shareholders and repurchased $1.3 billion of its own shares during the quarter.


Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

Most Popular

AVGO Earnings: All you need to know about Broadcom Q1 2021 earnings results

Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared

Infographic: Costco (COST) Q2 2021 sales up 15%; earnings miss

Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million

Will shifting to as-a-service model help Hewlett Packard in emerging stronger from COVID?

With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard

Add Comment
Viewing Highlight