Solventum: Fourth Quarter Financial Overview
Solventum Corp. Announces Fourth-Quarter Financial Results
Solventum Corp., headquartered in Maplewood, Minnesota, revealed a net profit of $63 million for the fourth quarter.
The company’s earnings translated to $0.36 per share. When excluding one-time expenses and amortization, adjusted earnings reached $1.57 per share.
These figures surpassed analysts’ predictions, as a consensus of six analysts polled by Zacks Investment Research had anticipated earnings of $1.50 per share.
During the quarter, Solventum generated $2 billion in revenue, outperforming the $1.97 billion expected by four Zacks-surveyed analysts.
For the entire fiscal year, Solventum reported a total profit of $1.56 billion, or $8.88 per share, with annual revenue amounting to $8.32 billion.
Looking ahead, the company projects its full-year earnings per share to fall between $6.40 and $6.60.
Financial data provided by Zacks Investment Research and compiled by Automated Insights.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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