Investing.com - 3M (NYSE:MMM) reported fourth quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $2.31 on revenue of $7.95B. Analysts polled by Investing.com expected EPS of $2.28 on revenue of $7.87B. That compared to EPS of $2.1 on revenue of $7.99B in the same period a year earlier. The company had reported EPS of $2.58 on revenue of $8.15B in the previous quarter.
For the year, 3M shares are up 1.4%, under-performing the S&P 500 which is up 7.14% year to date.
3M follows other major Capital Goods sector earnings this month
On Wednesday, January 23, 2019, United Technologies reported fourth quarter EPS of $1.95 on revenue of $18.04B, compared to forecasts of EPS of $1.55 on revenue of $16.82B.
ASML ADR earnings beat analyst's expectations on Wednesday, January 23, 2019, with fourth quarter EPS of $2.13 on revenue of $3.58B. Investing.com analysts expected EPS of $2.05 on revenue of $3.42B
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