3M earnings top expectations amid strong personal safety equipment sales

3M said sales from its Safety and Industrial division rose 6.9% on a year-over-year basis to $3 billion, topping a FactSet estimate of $2.93 billion.

Traders wearing masks arrive before the opening bell at the New York Stock Exchange on May 26, 2020 at Wall Street in New York City.reported third-quarter results Tuesday that beat analyst expectations on the back of strong personal-safety and health care equipment sales.EPS: $2.43 per share vs. Refinitiv estimate of $2.26 per shareThe company's stock traded flat in the premarket after the results were released.

Sales from 3M's health care segment, meanwhile, popped more than 25% to $2.2 billion, driven by gains in medical solutions, separation and purification, and oral care equipment. Analysts expected health care sales to total $1.36 billion, according to FactSet. The company also said its operating cash flow came in at $2.5 billion, up 23% from the year-earlier period.

New I should’ve bought the stock

thanks for this news

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

This tech company about to report earnings still has 'ample upside,' longtime investor saysAdobe is veteran technology investor Paul Meeks's top pick heading into a busy week of earnings reports. I trade in binary options and all instruments in the market. Your capital is safe with us.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

Stock picks to buy, companies poised to beat on Q3 earnings: BofA - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I wouldn’t. Over the past month, company growth and beating earnings expectations have failed to boost stocks. The market is being held hostage by stimulus talks. Wall Street is essentially a big zombie company, and Treasury/Pelosi is Robinhood.
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »