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 Therefore the company has withdrawn its full-year 2020 guidance which was provided in January.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.
Past Performance
Most Popular
PG Earnings: Procter & Gamble Q3 profit climbs, beats estimates
Consumer goods behemoth The Procter & Gamble Company (NYSE: PG) announced financial results for the third quarter of 2024, reporting a double-digit growth in net profit. Sales rose modestly. Core
AXP Earnings: All you need to know about American Express’ Q1 2024 earnings results
American Express Company (NYSE: AXP) reported its first quarter 2024 earnings results today. Consolidated total revenues, net of interest expense, increased 11% year-over-year to $15.8 billion, driven mainly by higher
Netflix (NFLX) Q1 2024 profit tops expectations; adds 9.3Mln subscribers
Streaming giant Netflix, Inc. (NASDAQ: NFLX) Thursday reported a sharp increase in net profit for the first quarter of 2024. Revenues were up 15% year-over-year. Both numbers exceeded Wall Street's
Comments