3M CEO Mike Roman on the company's latest round of earnings скачать в хорошем качестве

3M CEO Mike Roman on the company's latest round of earnings

Mike Roman, CEO of 3M, joins "Squawk on the Street" to discuss the company's earnings and response to the coronavirus pandemic. 3M shares jumped Tuesday after the manufacturing conglomerate reported first-quarter earnings and revenues that topped Wall Street’s expectations as demand for safety equipment and cleaning products spiked amid the coronavirus pandemic. The company said in a release that it saw a mix of results across its segments, but especially “strong” numbers in its personal safety unit given its role in the production of key N95 respirator masks. The St. Paul, Minnesota-based 3M said Tuesday that it’s doubled global respirator output to 100 million per month since the beginning of 2020 and is increasing capital investment to double respirator output again. It reported adjusted earnings per share of $2.16 on revenues of $8.08 billion for the first quarter, growth of 2.7% on a year-over-year basis. Both figures topped Wall Street consensus estimates of EPS of $2.03 and sales of $7.91 billion based on Refinitiv research. Still, it’s difficult to compare reported earnings to analyst estimates for 3M’s first quarter as the impact of the coronavirus is tricky to model precisely in financial forecasts. Shares were last seen up 4.4%. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2JdMwO7 » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC #CNBC TV