3M (NYSE: MMM) today reported first-quarter results that beat the consensus forecast on Wall Street, with Health Care turning in the best performance among the industrial conglomerate’s businesses.
Maplewood, Minnesota–based 3M earned nearly $1.3 billion, or $2.26 per share, off $8.8 billion in sales for the quarter ended March 31, 2022, with the bottom and top lines down 20.0% and 0.2%, respectively.
Adjusted to exclude one-time items, earnings per share were $2.65, 34¢ ahead of The Street, where analysts were looking for EPS of $2.31 on sales of $8.74 billion.