3M (MMM) PT Raised to $262 at Jefferies

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Go back to 3M (MMM) PT Raised to $262 at Jefferies

3M Delivers Record Third-Quarter Sales and Earnings per Share; Company Increases Full-Year 2017 Outlook

October 24, 2017 7:30 AM EDT

Third-Quarter Highlights:

Sales of $8.2 billion, up 6.0 percent year-on-year Organic local-currency sales growth of 6.6 percent; growth in all business groups and across all geographic areas GAAP EPS of $2.33, up 8.4 percent year-on-year; operating margins of 25.0 percent Returned $1.1 billion to shareholders via dividends and gross share repurchases Updating 2017 full-year outlook: GAAP EPS of $9.00 to $9.10, up 10 to 12 percent year-on-year, versus prior range of $8.80 to $9.05

ST. PAUL, Minn.--(BUSINESS WIRE)-- 3M (NYSE:... More