EAGAN, Minn. (AP) — EAGAN, Minn. (AP) — Solventum Corp. (SOLV) on Thursday reported a loss of $12 million in its third quarter.
On a per-share basis, the Eagan, Minnesota-based company said it had a loss of 7 cents. Earnings, adjusted for non-recurring costs and amortization costs, came to $1.45 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.
The health care company posted revenue of $1.95 billion in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $1.97 billion.
Solventum expects full-year earnings in the range of $7.20 to $7.30 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
