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3M beat sales estimates on pandemic-driven demand for personal safety products By Reuters

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April 27, 2021
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© Reuters. The brand of Down Jones Industrial Common inventory market index listed firm 3M

(Reuters) -3M Co beat Wall Road estimates for quarterly income, as individuals purchased extra private security merchandise to stave off potential coronavirus an infection.

The corporate’s N95 masks, which offer a excessive stage of filtration in opposition to airborne contaminants, in addition to its residence enchancment and normal cleansing tools have been in excessive demand because the world continues to struggle the brand new coronavirus.

Gross sales within the firm’s security and industrial unit jumped 13.7% to $3.3 billion within the quarter ended March 31.

Internet earnings attributable to 3M rose to $1.62 billion, or $2.77 per share, from $1.31 billion or $2.25 per share, a yr earlier.

Internet gross sales rose 9.6% to $8.85 billion, beating analysts’ common expectation of $8.47 billion, based on Refinitiv knowledge.

Disclaimer: Fusion Media wish to remind you that the info contained on this web site is just not essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs usually are not supplied by exchanges however quite by market makers, and so costs will not be correct and should differ from the precise market value, that means costs are indicative and never applicable for buying and selling functions. Due to this fact Fusion Media doesn`t bear any accountability for any buying and selling losses you would possibly incur because of utilizing this knowledge.

Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or harm because of reliance on the knowledge together with knowledge, quotes, charts and purchase/promote indicators contained inside this web site. Please be absolutely knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is without doubt one of the riskiest funding varieties doable.





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