Big conglomerate 3M Company (MMM) is set to report Q2 earnings before the market opens tomorrow.
Current Capital IQ Consensus estimates Q2 EPS of $1.79 (vs $2.13 last year) on revs of $7.29 bln (-11% yr/yr).
On June 15, MMM reported May sales declined 20%. Total sales declined 11% in Health Care, 12% in Consumer, 17% in Safety and Industrial, and 30% in Transportation and Electronics.
TECHS:
MMM has a $93 bln market cap and trades at a forward P/E of 19x vs other staples JNJ (18x) and PG (24x).
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