MAPLEWOOD, Minn. (AP) — MAPLEWOOD, Minn. (AP) — Solventum Corp. (SOLV) on Thursday reported third-quarter profit of $122 million.
The Maplewood, Minnesota-based company said it had net income of 70 cents per share. Earnings, adjusted for stock option expense and amortization costs, were $1.64 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.
The health care company posted revenue of $2.08 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $2.05 billion.
Solventum expects full-year earnings in the range of $6.50 to $6.65 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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