Solventum (SOLV) reported Q3 non-GAAP earnings late Thursday of $1.64 per share, down from $2.87 a year earlier.
Analysts polled by Capital IQ expected $1.39.
Net sales in the three months ended Sept. 30 rose to $2.08 billion from $2.07 billion a year earlier.
Analysts surveyed by Capital IQ expected $2.06 billion.
The company increased 2024 adjusted EPS guidance to the range of $6.50 to $6.65 from $6.30 to $6.50. Analysts surveyed by Capital IQ expect $6.38.
Price: 77.00, Change: +1.93, Percent Change: +2.57
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