F5 Networks Q2 EPS Beats, Sales Miss $681.000M; 3M Q1 Exceeds, Forecasts 2024 EPS Range

F5 Networks ($FFIV) reported Q2 earnings with an adjusted EPS of $2.91, beating estimates of $2.87, but fell short on sales with $681.000M against an estimate of $685.361M. Meanwhile, 3M ($MMM) exceeded Q1 expectations with an adjusted EPS of $2.39 compared to an estimated $2.10 and sales of $8.003B surpassing an estimate of $7.630B. 3M also forecasts an adjusted EPS range of $6.80 to $7.30 for 2024. The stock prices of both companies reacted differently, with 3M's stock surging to a 14-month high after beating profit and sales expectations, while F5's stock dropped 12.2% due to a weak guidance despite posting Q1 sales in line with estimates.