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3M Issues Q1 & FY24 Guidance; Stock Plunges

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

3M (MMM) announced, for fiscal 2024, the company estimates: adjusted earnings per share in a range of $9.35 to $9.75; adjusted total sales growth in the range of 0.25 to 2.25 percent; and adjusted organic sales to be flat to up 2%. Analysts polled by Thomson Reuters expect the company to report profit per share of $9.81. Analysts' estimates typically exclude special items.

For the first quarter, the company expects: adjusted earnings per share in a range of $2.00 to $2.15; and adjusted sales of approximately $7.6 billion. Analysts expect the company to report profit per share of $2.22.

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