3M (NYSE: MMM) reported Q1 2020 earnings results today.
Sales rose 2.7% year-over-year to $8.1 billion. On a GAAP basis, earnings grew 47% to $2.22 per share compared to last year. Adjusted EPS fell 2.7% year-over-year to $2.16.
Due to the uncertainty surrounding the COVID-19 outbreak, 3M is not able to estimate the pace of recovery accurately across its markets. Therefore the company has withdrawn its full-year 2020 guidance which was provided in January.
The company also said it will begin reporting monthly sales information starting in May to provide transparency on its ongoing business performance.
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
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
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