3M (NYSE: MMM) will report its Q2 2023 results on Tuesday, July 25. We expect the company’s revenues to come in at $7.9 billion, aligning with the consensus estimate.
Reported net income of $0.68 per diluted share.
Adjusted net income per diluted share1 of $0.77 increased more than 50% year-over-year.
Revenue of $5.8 billion, increased 14% year-over-year.
Operating margin of 17.4%, a 329 basis points year-over-year increase over adjusted operating margin2.
Cash flow from operating activities of $1.1 billion and free cash flow3 of $798 million.
Merck stock (NYSE: MRK) currently trades at $110 per share, roughly 43% above its level in March 2021, and it looks fully valued. Merck saw its stock trading..