3M (M
3M (MMM) closed the newest buying and selling day at $149.35, shifting -0.54% from the earlier buying and selling session. This transformation was narrower than the S&P 500’s 3.17% loss on the day. In the meantime, the Dow misplaced 3.77%, and the Nasdaq, a tech-heavy index, misplaced 2.28%.
Coming into in the present day, shares of the maker of Put up-it notes, industrial coatings and ceramics had misplaced 7.6% previously month. In that very same time, the Conglomerates sector misplaced 10.08%, whereas the S&P 500 misplaced 8.05%.
MMM might be trying to show power because it nears its subsequent earnings launch. On that day, MMM is projected to report earnings of $2.15 per share, which might symbolize a year-over-year decline of three.59%. In the meantime, our newest consensus estimate is looking for income of $8.23 billion, up 4.67% from the prior-year quarter.
MMM’s full-year Zacks Consensus Estimates are calling for earnings of $9.49 per share and income of $33.56 billion. These outcomes would symbolize year-over-year modifications of +4.29% and +4.44%, respectively.
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