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DewDiligence

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DewDiligence

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Re: DewDiligence post# 14054

Wednesday, 04/26/2017 11:46:31 AM

Wednesday, April 26, 2017 11:46:31 AM

Post# of 29293
3M hits all-time high—raises 2017 guidance:

http://finance.yahoo.com/news/3m-delivers-first-quarter-sales-113000527.html

3M updated its guidance for 2017 due to a strong first-quarter performance and improved outlook. The company now forecasts organic local-currency sales growth to be 2 to 5 percent, up from previous guidance of 1 to 3 percent.

3M expects earnings [i.e. GAAP] in the range of $8.70 to $9.05 per share – up 7 to 11 percent year-on-year – versus a prior expectation of $8.45 to $8.80.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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