@CompanyFence382 4 months ago
3M raises full-year guidance after Q3 beat
3M raises full-year guidance after Q3 beat
just posted Q3 results with an adjusted EPS of $2.19, beating estimates and grew adjusted revenue to $6.32 billion. The company also raised its full year adjusted EPS guidance to $7.95-8.05 per share from $7.75-8.00. The company is shifting toward higher-margin products, cutting SG&A heavily and emphasizing on new launches to boost growth. For reference, 70 in Q3 and targeting 250 by year end. Just imagine the scale of the new launches. Superb