Solventum Corporation Q3 Profit Increases, Beats Estimates

(RTTNews) - Solventum Corporation (SOLV) released earnings for its third quarter that Increased from last year and beat the Street estimates.

The company's earnings totaled $1.26 billion, or $7.22 per share. This compares with $122 million, or $0.70 per share, last year.

Excluding items, Solventum Corporation reported adjusted earnings of $263 million or $1.50 per share for the period.

Analysts on average had expected the company to earn $1.43 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 0.5% to $2.09 billion from $2.08 billion last year.

Solventum Corporation earnings at a glance (GAAP) :

-Earnings: $1.26 Bln. vs. $122 Mln. last year. -EPS: $7.22 vs. $0.70 last year. -Revenue: $2.09 Bln vs. $2.08 Bln last year.

-Guidance: Full year EPS guidance: $5.98 - $6.08