3M Co. (MMM) reported first quarter EPS of $1.85 Thursday morning, compared to $1.79 in the previous year. Analysts expected EPS of $1.93. The company also lowered its full year 2015 EPS forecast to between $7.80 and $8.10, from prior expectations of $8.00 to $8.30. The consensus estimate is for EPS of $8.14.
3M gapped down sharply Thursday morning, but traded in a range for the majority of the session. The stock closed down by 5.01 at $159.66 on the highest volume in 6 months. 3M dropped to a 3-month low.
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