3M’s Revenue Beat Analyst Estimates in 1Q18
3M (MMM) reported revenues of $8.3 billion in 1Q18, an increase of 7.7% on a year-over-year basis compared to $7.7 billion in 1Q17. The posted revenues managed to beat Wall Street analysts’ estimate of $8.3 billion and represented a compound annual growth rate (or CAGR) of 1.6% for the first quarter since 2013. The increase in 3M’s revenue growth was primarily driven by strong currency gains, organic volume growth, and acquisitions.