Why 3M Company's Shares Dropped Today
Shares of industrial giant 3M Company (NYSE: MMM) fell as much as 6.1% in early morning trading Tuesday after reporting second-quarter 2017 earnings. And shares didn't recover much by midday, trading down 5.1% at 12:30 p.m. EDT.
Revenue was up 1.9% in the quarter, to $7.81 million, and net income was up 22.6%, to $1.58 billion, or $2.58 per share. The results fell slightly short of the $7.88 billion in revenue and $2.59 per share in earnings that analysts expected.
Electronics are now the driver of growth at 3M. Image source: Getty Images.
Source: Fool.com
3M Company Aktie
95,64 €
0,33 %
Die Community ist uneins: 8 Buy- gegen 8 Sell-Einschätzungen bei 3M Company.
Das Kursziel von 103 € für 3M Company weist auf ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 95.64 € hin.
