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3M Co Updates FY 2012 EPS Guidance To A Range Below Analysts' Estimates; Lowers High End Of Prior FY 2012 Revenue Guidance

Tuesday, 23 Oct 2012 07:30am EDT 

3M Co updated its fiscal 2012 performance expectations. Reflecting current economic realities, the Company now expects fiscal 2012 earnings to be in the range of $6.27 to $6.35 per share (EPS), including $0.03 per share of anticipated acquisition-related costs. 3M previously expected a range of $6.35 to $6.50 per share, which did not include acquisition-related costs. The Company anticipates fiscal 2012 organic local-currency sales growth of 2% to 2.5% and that currency translation will reduce sales by approximately 2.5% for the year. The Company reported revenue of $29.611 billion in fiscal 2011. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $6.40 for fiscal 2012. 

Company Quote

-0.01 -0.01%
25 Jul 2014