Investing.com - 3M (NYSE:MMM) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
3M announced earnings per share of $2.45 on revenue of $8.94B. Analysts polled by Investing.com anticipated EPS of $2.2 on revenue of $8.64B.
3M shares are up 4% from the beginning of the year and are trading at $182.40 , down-from-52-week-high.They are under-performing the S&P 500 which is up 21.58% from the start of the year.
3M follows other major Capital Goods sector earnings this month
3M's report follows an earnings beat by ASML ADR on Wednesday, October 20, 2021, who reported EPS of $4.97 on revenue of $6.1B, compared to forecasts EPS of $4.61 on revenue of $6.19B.
Honeywell had beat expectations on Friday with third quarter EPS of $2.02 on revenue of $8.47B, compared to forecast for EPS of $1.99 on revenue of $8.66B.
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