Company news: 3M Co. (MMM) quarterly results beat analysts’ expectations

3M Co. (MMM) reported Q4 FY2023 earnings of $2.42 per share (versus $2.28 per share in Q4 FY2022), beating analysts’ consensus estimate of $2.31 per share.

The company’s quarterly revenues amounted to $8.013 bln (-1.1% y/y), beating analysts’ consensus estimate of $7.694 bln.

The company issued downside guidance for FY2024, seeing EPS of $9.35-9.75 versus analysts’ consensus estimate of $9.90.

MMM fell to $102.48 (-5.13%) in pre-market trading.