3M: Q4 2018 EPS above expectations
(CercleFinance.com) - The conglomerate 3M, whose brands include Post-it notes and Scotch adhesives, has reported adjusted Q4 2018 EPS that is up 10% at 2.
31 dollars, three cents above the consensus.
Revenues remained virtually flat (-0.6%) at 7.9 billion dollars, although in organic terms and in local currency, revenues rose by 3%, with gains across all divisions and geographic areas.
For the past year, 3M posted adjusted EPS of 10.46 dollars, with growth in organic terms and in local currency of 3.2%. For 2019, it expects respective EPS of between 10.45 dollars and 10.90 dollars, and growth of between 1% and 4%.
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31 dollars, three cents above the consensus.
Revenues remained virtually flat (-0.6%) at 7.9 billion dollars, although in organic terms and in local currency, revenues rose by 3%, with gains across all divisions and geographic areas.
For the past year, 3M posted adjusted EPS of 10.46 dollars, with growth in organic terms and in local currency of 3.2%. For 2019, it expects respective EPS of between 10.45 dollars and 10.90 dollars, and growth of between 1% and 4%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.