Behind 3M's Shockingly Good Quarter
3M Co. (NYSE: MMM) isn't known as a growth company but it has spent the last few years investing in projects it hoped would pay off with greater sales in the long term. OLED technology, brightness-enhancing films for smartphones, and graphics products are just a few of the company's key products, and based on its third-quarter results, these investments appear to be paying off.
Not only did 3M grow revenue and earnings at 6% and 8.4% respectively, it was organic growth that drove the results, not currency fluctuations or acquisitions. If the trend continues, the stock could be a great long-term investment.
Smartphones and other electronics are becoming a big part of 3M's business. Image source: Getty Images.
Source: Fool.com
3M Company Aktie
121,84 €
1,62 %
Die 3M Company Aktie spaltet die Meinungen: Gleichstand zwischen Buy- und Sell-Einschätzungen.
Obwohl das Kursziel für 3M Company bei 110 € liegt, was unter dem aktuellen Kurs von 121.84 € ist, zeigt sich ein Potenzial von -9.72%.
