Revenue Update on 3M Co(NYSE:MMM)

3M Co(NYSE:MMM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $7.66B. Analysts estimated a revenue of $7.71B. Earnings per share were $2.08. Analysts had estimated an EPS of $2.07.

3M Co (MMM) made into the market gainers list on Fridays trading session with the shares advancing 0.21% or 0.38 points. Due to strong positive momentum, the stock ended at $178.36, which is also near the day’s high of $178.8229. The stock began the session at $178.11 and the volume stood at 16,21,915 shares. The 52-week high of the shares is $182.27 and the 52 week low is $134. The company has a current market capitalization of $108,178 M and it has 60,65,14,530 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 13, 2016, Jesse G Singh (Senior Vice President) sold 35,078 shares at $169.94 per share price.Also, On May 12, 2016, Inge G Thulin (Chairman, President & CEO) sold 5,658 shares at $170.22 per share price.On May 6, 2016, Nicholas C Gangestad (Sr. VP & CFO) sold 2,612 shares at $166.52 per share price, according to the Form-4 filing with the securities and exchange commission.

3M Company is a diversified technology company. The Company operates in five business segments: Industrial which serves a range of markets such as automotive original equipment manufacturer (OEM) and automotive aftermarket electronics appliance paper and printing packaging food and beverage and construction; Safety and Graphics which serves a range of markets for the safety security and productivity of people facilities and systems; Electronics and Energy which serves customers in electronics and energy markets including solutions for electronic devices telecommunications networks electrical products power generation and distribution and infrastructure protection; Health Care which serves markets that include medical clinics and hospitals pharmaceuticals dental and orthodontic practitioners and health information systems and Consumer which serves markets that include consumer retail office retail home improvement building maintenance and other markets.

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