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Replies to #286 on 3M Company (MMM)

DewDiligence

07/25/17 12:00 PM

#287 RE: raff #286

3M -5% despite raising 2017 guidance for organic* revenue growth and EPS; the problem is they raised the bottom end of these ranges but not the top end:

https://finance.yahoo.com/news/3m-delivers-second-quarter-sales-113000763.html

The company now forecasts organic local-currency sales growth to be 3 to 5 percent, up from previous guidance of 2 to 5 percent. 3M expects earnings in the range of $8.80 to $9.05 per share—up 8 to 11 percent year-on-year—versus a prior expectation of $8.70 to $9.05.

*Excludes acquisitions, divestitures, and currency effects.