Investing.com - 3M (NYSE:MMM) reported second quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $2.2 on revenue of $8.17B. Analysts polled by Investing.com anticipated EPS of $2.05 on revenue of $8.05B. That compared to EPS of $2.59 on revenue of $8.39B in the same period a year earlier. The company had reported EPS of $2.23 on revenue of $7.86B in the previous quarter.
For the year, 3M shares are down 5.84%, under-performing the S&P Global (NYSE:SPGI) 100 which is up 16.87% year to date.
3M follows other major Capital Goods sector earnings this month
On Wednesday, Boeing reported second quarter EPS of $-5.82 on revenue of $15.75B, compared to forecasts of EPS of $1.87 on revenue of $19.21B.
Honeywell earnings beat analyst's expectations on Thursday, July 18, 2019, with second quarter EPS of $2.1 on revenue of $9.24B. Investing.com analysts expected EPS of $2.08 on revenue of $9.35B
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