MAPLEWOOD, Minn. (AP) — MAPLEWOOD, Minn. (AP) — Solventum Corp. (SOLV) on Thursday reported first-quarter profit of $137 million.
The Maplewood, Minnesota-based company said it had profit of 78 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, came to $1.34 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.
The health care company posted revenue of $2.07 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $2 billion.
Solventum expects full-year earnings in the range of $5.45 to $5.65 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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