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Strategies & Market Trends : Classic TA Workplace

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To: Paul Shread who wrote (40005)5/22/2002 9:20:38 PM
From: The Freep  Read Replies (2) of 209892
 
Everybody's fav Dow stock MMM reaffirms.

19:09 ET 3M reaffirms Q2, Y02 EPS (MMM) 127.54 +1.18: Company expects EPS growth of 12%-14% per year, on average, excluding non-recurring items, over the 2002 to 2004 time frame; reaffirms Q2 (Jun) EPS of at or above $1.23 (Multex consensus $1.25); continues to see FY02 earnings of $4.80-5.10 (Multex consensus $4.98).

Kinda looks like some wiggle room re: estimates to me. Wonder if they were at a conference or something, or if they just reaffirmed for the heck of it?

the freep
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