M surpassed third-quarter earnings expectations, demonstrating solid growth despite facing significant legal and environmental challenges.

Industrial conglomerate 3M (NYSE:MMM) announced better-than-expected revenue in Q3 CY2024, but sales fell 21.5% year on year to $6.29 billion. Its non-GAAP profit of $1.98 per share was also 4.1% above analysts’ consensus estimates.

M Co. (NYSE:MMM) shares climbed more than 2.7% in premarket trading Tuesday after the company reported better-than-expected third-quarter earnings and revenue. The company posted earnings per share (EPS) of $1.

We estimate 3M’s valuation to be $117 per share, about 13% below its current price of $135. At its current levels, MMM stock is trading at 19x forward expected earnings of $7.21 in 2024. The 19x figure is higher than the stock’s average P/E ratio of 15x over the last three years.

M (NYSE: MMM), the diversified industrial giant known for its wide range of products, including adhesives and personal protective equipment, is set to release its third-quarter 2024 earnings on October 22,

And 3M’s consumer segment saw a 0.7% drop in organic growth, as the home-improvement business saw expansion but areas like packaging and expression and consumer safety and well-

Welcome to the 3M third quarter earnings conference call. [Operator instructions] As a reminder, this call is being recorded Tuesday, October 22, 2024. I would now like to turn the call over to Bruce Jermeland,

M reported better-than-expected third-quarter earnings, and raised full-year guidance. The stock is rising. Tuesday morning, 3M announced adjusted earnings per share of $1.98 on adjusted sales of $6.1 billion.