3M earnings top expectations amid strong personal safety equipment sales

3M earnings top expectations amid strong personal safety equipment sales

Traders wearing masks arrive before the opening bell at the New York Stock Exchange (NYSE) on May 26, 2020 at Wall Street in New York City.Johannes Eisele | AFP | Getty Images3M reported third-quarter results Tuesday that beat analyst expectations on the back of strong personal-safety and health care equipment sales.Here's how the manufacturing giant's results fared comparted to Wall Street estimates:EPS: $2.43 per share vs. Refinitiv estimate of $2.26 per shareRevenue: $8.35 billion vs. $8.32 billion expectedThe company's stock traded flat in the premarket after the results were released.3M said sales from its safety and industrial division rose 6.9% on a year-over-year basis to $3 billion, topping a FactSet estimate of $2.93 billion. The growth was driven by sales in personal safety, roofing granules, and automotive aftermarket, the company