Here are the key earnings highlights for 3M Co. (NYSE: MMM) for the second quarter:
Earnings: The company reported earnings of $1.145 billion in Q2, a significant improvement compared to a loss of $6.841 billion in the same quarter of the previous year. Earnings per share (EPS) stood at $2.07 in Q2, compared to a loss of $12.35 per share in the same period last year. On an adjusted basis, excluding one-time items, 3M Co. posted earnings of $1.070 billion or $1.93 per share for the period.
Revenue: The revenue for Q2 was $6.255 billion, slightly down from $6.283 billion in the corresponding quarter of the previous year.
Guidance: For the full year, the company has provided an EPS guidance range of $7.00 to $7.30.
