MAPLEWOOD, Minn. (AP) — MAPLEWOOD, Minn. (AP) — Solventum Corp. (SOLV) on Thursday reported third-quarter net income of $1.27 billion.
On a per-share basis, the Maplewood, Minnesota-based company said it had profit of $7.22. Earnings, adjusted for one-time gains and costs, came to $1.50 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.
The health care company posted revenue of $2.1 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $2.09 billion.
Solventum expects full-year earnings in the range of $5.98 to $6.08 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SOLV at https://www.zacks.com/ap/SOLV
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