3M Q4 EPS $2.31 Beats $2.01 Estimate, Sales $8.60B Beat $8.59B Estimate

3M (NYSE:MMM) reported quarterly earnings of $2.31 per share which beat the analyst consensus estimate of $2.01 by 14.93 percent. This is a 2.94 percent decrease over earnings of $2.38 per share from the same period last

3M (NYSE:MMM) reported quarterly earnings of $2.31 per share which beat the analyst consensus estimate of $2.01 by 14.93 percent. This is a 2.94 percent decrease over earnings of $2.38 per share from the same period last year. The company reported quarterly sales of $8.60 billion which beat the analyst consensus estimate of $8.59 billion by 0.12 percent. This is a 0.20 percent increase over sales of $8.58 billion the same period last year.

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Detailed results from the positive MELODY Phase III trial showed a single dose of AstraZeneca and Sanofi's nirsevimab met the primary efficacy endpoint reducing the incidence of medically attended lower respiratory tract infections (LRTI) caused by respiratory syncytial virus (RSV) by 74.5% (95% CI 49.6, 87.1; p<0.001), compared to placebo.1-2

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