3M post earnings of USD1.78 vs. expectations of USD1.75

U.S. multinational conglomerate 3M reported better-than-expected third quarter earnings and revenue figures ahead of Thursday’s opening bell.

Earlier in the day, in its third quarter earnings report, 3M said earnings per share came in at USD1.78, above expectations for USD1.75 per share.

The company’s third quarter revenue totaled USD7.92 billion, beating forecasts for revenue of USD7.85 billion.

3M said it now expected full-year earnings per share in a range between USD6.65 to USD6.75, compared to a previous estimate in the range of USD6.60 to USD6.85 per share.

Meanwhile, the outlook for U.S. equity markets was higher. The Dow Jones Industrial Average futures indicated a gain of 0.45% at the open, S&P 500 futures pointed to a rise of 0.4% and Nasdaq 100 futures indicated an increase of 0.35%.