3M sinks after cutting full-year, Q4 guidance for earnings, sales [Seeking Alpha]
3M Company (MMM)
Last 3m company earnings: 4/28 06:30 am
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Source: Seeking Alpha
Seeking Alpha News | On the Move 3M sinks after cutting full-year, Q4 guidance for earnings, sales Oct. 24, 2019 7:32 AM ET 3M Company (MMM) Carl Surran 3M (NYSE: -2.8% Q3 earnings hurt by slowing demand in key markets Q3 revenues fell 2% Y/Y Sales in Asia-Pacific, the company's biggest market outside the U.S., slumped 5%, while Europe, Middle East and Africa fell 4.1%, and sales in the U.S. rose just 0.8%. 3M cuts its full-year adjusted EPS guidance to $8.99-$9.09 from its prior forecast of $9.25-$9.75, and slashes its FY 2019 organic local-currency sales outlook to a 1%-1.5% decline vs. its prior outlook of negative 1% to positive 2% growth. For Q4, 3M sees EPS of $2.05-$2.15 - including a ~$0.15 negative impact from the recently closed acquisition of Acelity, which was part of previous guidance - vs. $2.37 analyst consensus; Q4 organic local-currency sales are expected to decline 1%-3%. See all stocks on the move » Now read: 3M Company 2019 Q3 - Results - Call Presentation » Su
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MMM
Earnings
- 10/22/24 - Beat
MMM
Sec Filings
- 12/2/24 - Form 4
- 11/21/24 - Form 4
- 11/20/24 - Form 144
- MMM's page on the SEC website