EAGAN, Minn. (AP) 鈥� EAGAN, Minn. (AP) 鈥� Solventum Corp. (SOLV) on Wednesday reported second-quarter net income of $92 million.
On a per-share basis, the Eagan, Minnesota-based company said it had net income of 53 cents. Earnings, adjusted for non-recurring costs and amortization costs, came to $2.55 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.91 per share.
The health care company posted revenue of $2.21 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $2.17 billion.
Solventum expects full-year earnings in the range of $7.10 to $7.20 per share.
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