192.77 +0.22 (0.11%)
After hours: 6:06PM EDT
|Bid||0.00 x 1300|
|Ask||0.00 x 3000|
|Day's Range||184.50 - 194.89|
|52 Week Range||184.50 - 259.77|
|Beta (3Y Monthly)||1.18|
|PE Ratio (TTM)||26.64|
|Earnings Date||Apr 23, 2018 - Apr 27, 2018|
|Forward Dividend & Yield||5.44 (2.70%)|
|1y Target Est||213.56|
Caterpillar Inc. and 3M Co. provided a gut check for U.S. manufacturers, revealing in their third-quarter reports mounting risks that spooked investors. Industrial shares sold off on Tuesday after manufacturers flagged challenges including rising costs, a stronger dollar and concerns over growth in China. Shares in Caterpillar closed down 7.6% on Tuesday, having been 10% lower at one point, and 3M lost 4.4%.
The Dow Jones Industrial Average falls Tuesday after earnings disappoint. The S&P 500 falls for the 12th time in 14 sessions.
U.S. stocks on Tuesday finished in negative territory, albeit off the worst levels of the session, as worries about global economic growth and downbeat earnings outlooks from blue-chip companies sank equities following a rout in China's stock market. The Dow Jones Industrial Average closed down 125.98 points, or 0.5%, at 25,191.43, but had been down by as many as 548 points at its low of the session. The S&P 500 index lost 0.6% at 2,740.69, led by losses in energy stocks and industrials. Meanwhile, the Nasdaq Composite Index ended the day down 0.4% at 7,437.54 but enjoyed a brief stint in positive territory in a frightful and volatile day for U.S. stocks. Notably in corporate news, shares of Caterpillar Inc. closed off 7.6%, leading Dow decliners, after the industrial giant reported profits and revenue ahead of analysts expectations but offered guidance that was below consensus. Another Dow component, 3M Co.'s stock finished off 4.4% after issuing downbeat 2018 guidance. 3M and Caterpillar combined to account for nearly half the Dow's loss at Tuesday's open at one point during the session. On big bright spot, shares of McDonald's Corp jumped 6.3% for its best day in about three years after its quarterly results on Tuesday. Markets headed lower out of the gate following the Shanghai Composite Index's 2.3% loss, giving back part of a two-day rally, and reigniting fears of a slowdown in the second-largest economy which rippled through markets. Still, some investors describe Tuesday's trade action as orderly and constructive despite the negative finish for stocks.
The Dow Jones industrial average saw some of its components get tackled hard, NFL-style, yet other members flung higher on solid quarterly results. Despite an initial deep sell-off, stocks today are showing some rebounding power in late-afternoon trading. Perhaps one factor for the rebound: Institutional investors bought back U.S. Treasuries. As these bond prices rise, the yield goes down. The...
U.S. company earnings growth is slowing after a bumper start to the year, and the reality of an escalating trade war between two of the world's largest economies is starting to weigh on companies ranging from Caterpillar Inc (CAT.N) to Ford Motor Co (F.N). While earnings growth is still high at 22 percent so far this quarter, the amount by which S&P 500 index companies are beating analyst estimates is nearly half of what it was during the first quarter, according to Refinitiv data. Along with rising interest rates which are making bonds more attractive, slower earnings growth is eroding investor sentiment and contributed to Tuesday's sharp sell in equities globally.
Investing.com - Industrials slumped Tuesday, heaping further pressure on the broader averages as investors digested mixed earnings from heavyweights Caterpillar , 3M and United Technologies.
Stocks were pummeled Tuesday as the Dow plunged more than 200 points, although indexes reduced their losses in afternoon trading. But leading stocks found no safe haven.
Today, 3M (MMM) reported third-quarter revenues of $8.15 billion, marking a 0.25% decline over the third quarter of 2017. The company missed analysts’ expectations of $8.39 billion in revenues. The strong dollar was the primary factor in this decline.
It's an important time for companies like Under Armour Inc. and T. Rowe Price Group Inc. as the stock market slides.
3M Company (MMM) reports weaker-than-expected results in third-quarter 2018 due to weak performance of its Health Care, Electronics and Energy and Consumer segments.
The Dow Jones Industrial Average fell around 500 points Tuesday morning after component companies Caterpillar Inc. (NYSE: CAT ) and 3M Co (NYSE: MMM ) disappointed investors with their respective earnings ...
Oil prices fell sharply in morning trade on Tuesday, with the key benchmarks WTI and Brent crude falling more than 4 percent as Dow Jones, S&P 500, and Nasdaq futures came tumbling down
Investors sent 3M Co.'s stock down sharply Tuesday morning as the company reported worse-than-expected third-quarter earnings.
The diminished outlook underscored the weakness in many of the markets served by 3M, which had already been struggling this year with poor sales of automotive and dental products. “Results were weaker than expected, with each segment missing our forecast,’’ John Walsh, an analyst at Credit Suisse Group AG, said in a note to clients. 3M fell 14 percent this year through Monday, compared with the 3.9 percent decrease of a Standard & Poor’s index of industrial companies.
This is an increase over the company’s earnings per share of $2.33 from the same time last year. During the third quarter of 2018, 3M reported net income of $1.54 billion. Operating income reported by 3M for the third quarter of the year came in at $2.02 billion.
The maker of Post-its and Scotch tape missed third-quarter estimates and lowered the outlook for earnings per share.
3M (NYSE:MMM) reported a rare miss in quarterly earnings and revenues. The Saint Paul, Minnesota-based diversified industrials company fell short of estimates, an unusual occurrence since 3M stock almost always meets or exceeds its quarterly expectations. Both the third-quarter results and earnings guidance appear to signal pain for MMM stock in the near term.