Solventum Q2 Adjusted Earnings, Revenue Rise; Shares Gain After Hours
MT Newswires Live
Aug 06
Solventum (SOLV) reported Q2 adjusted diluted earnings late Wednesday of $2.55 per share, up from $1.69 a year earlier.
Analysts polled by FactSet expected $1.90.
Net sales in the three months ended June 30 rose to $2.21 billion from $2.16 billion a year earlier.
Analysts projected $2.15 billion.
The company raised full-year adjusted EPS guidance to $7.10 to $7.20 from the prior forecast of toward the upper end of the range of $6.40 to $6.60.
Analysts project $6.55.
Solventum shares rose 3.8% in after-hours trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.