3M beats Q3 estimates, narrows full-year earnings guidance; shares climb

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3M beats Q3 estimates, narrows full-year earnings guidance; shares climb

The company posted earnings per share of $1.98, beating the consensus estimates of $1.90. The company generated $6.1 billion in revenue, also above the projected $6.06 billion.3M reported a negative operating cash flow of $1.8 billion, larger than the estimated negative $1.57 billion.

For the full year, 3M now expects adjusted EPS from continuing operations between $7.20 and $7.30, tightening its previous forecast of $7 to $7.30, and compared to analysts estimates of $7.30.

 

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