3M (NYSE:MMM) reported its Q3 earnings results on Tuesday, October 26, 2021 at 06:30 AM.
Here’s what investors need to know about the announcement.
Earnings
3M beat their estimated earnings by 11.36%, which surprised analysts.
Revenue was up $592,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.33, which was followed by a 1.09% drop in the share price the next day.
Here’s a look at 3M’s past performance:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 2.26 | 2.29 | 2.15 | 2.26 |
| EPS Actual | 2.59 | 2.77 | 2.38 | 2.43 |
| Revenue Estimate | 8.55B | 8.47B | 8.40B | 8.29B |
| Revenue Actual | 8.95B | 8.85B | 8.58B | 8.35B |
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