3M had net income of $3.86 billion in the third quarter of 2022, equivalent to $6.77 per share, more than double the gain of $1.43 billion ($2.45 per share). share) for the same period last year, according to a balance sheet released this Tuesday (25).
Adjusting for this, 3M’s July-September earnings per share were $2.69, above the expectation of analysts polled by FactSet of $2.60.
3M’s revenue fell to $8.62 billion in the last quarter from $8.94 billion a year earlier, but also beat FactSet’s consensus of $8.71 billion.
For 2022, 3M cut its adjusted earnings per share forecast to a range of $10.10 to $10.35, due to the appreciation of the dollar and an “uncertain macroeconomic environment”.
The previous estimate was $10.30 to $10.80. With information from Dow Jones Newswires.
Source: CNN Brasil
Joe Jameson, a technology journalist with over 2 years of experience, writes for top online news websites. Specializing in the field of technology, Joe provides insights into the latest advancements in the industry. Currently, he contributes to covering the world stock market.
