3M Co (MMM) reported quarterly earnings results on Tuesday, Jul-26-2016. The company said it had a profit of $2.08 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $2.07. The company posted revenue of $7662.00 million in the period, compared to analysts expectations of $7710.77 million. The company’s revenue was down -.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.02 EPS.
3M Co opened for trading at $181.73 and hit $182.27 on the upside on Wednesday, eventually ending the session at $181.42, with a gain of 0.10% or 0.18 points. The heightened volatility saw the trading volume jump to 14,13,335 shares. Company has a market cap of $110,034 M.
In a different news, on May 13, 2016, Jesse G Singh (Senior Vice President) sold 35,078 shares at $169.94 per share price. According to the SEC, on May 12, 2016, Inge G Thulin (Chairman, President & CEO) sold 5,658 shares at $170.22 per share price. On May 6, 2016, Nicholas C Gangestad (Sr. VP & CFO) sold 2,612 shares at $166.52 per share price, according to the Form-4 filing with the securities and exchange commission.
3M Company is a diversified technology company. The Company operates in five business segments: Industrial which serves a range of markets such as automotive original equipment manufacturer (OEM) and automotive aftermarket electronics appliance paper and printing packaging food and beverage and construction; Safety and Graphics which serves a range of markets for the safety security and productivity of people facilities and systems; Electronics and Energy which serves customers in electronics and energy markets including solutions for electronic devices telecommunications networks electrical products power generation and distribution and infrastructure protection; Health Care which serves markets that include medical clinics and hospitals pharmaceuticals dental and orthodontic practitioners and health information systems and Consumer which serves markets that include consumer retail office retail home improvement building maintenance and other markets.