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

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: CNBC - 🏆 12. / 72 Read more »

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.
Source: BusinessInsider - 🏆 729. / 51 Read more »