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3M announced earnings per share of $2.48 on revenue of $8.7B. Analysts polled by Investing.com anticipated EPS of $2.43 on revenue of $8.6B.
3M shares are down 24% from the beginning of the year, still down 33.86% from its 52 week high of $202.77 set on August 16, 2021. They are under-performing the Dow Jones which is down 11.97% from the start of the year.
3M’s report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $3.29 on revenue of $24.77B, compared to forecasts EPS of $3.16 on revenue of $24.65B.
Union Pacific had beat expectations on Thursday with second quarter EPS of $2.93 on revenue of $6.27B, compared to forecast for EPS of $2.84 on revenue of $6.12B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
