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3M earnings: $1.85 per share vs $1.92 EPS estimate

3M
Andrew Harrer | Bloomberg | Getty Images

3M delivered quarterly earnings and revenue that fell short of analysts' expectations, sending shares lower in premarket trading on Thursday.

The industrial conglomerate posted first-quarter earnings of $1.85 per share, up from $1.79 a share in the year-earlier period.

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Revenue fell to $7.57 billion from $7.83 billion a year ago.

Wall Street had expected the company to deliver quarterly earnings per share of $1.92 on $7.84 billion in revenue, according to consensus estimates from Thomson Reuters.

The company's stock was down nearly 2 percent following the report. (Click here to track its shares.)

Last month, the multinational conglomerate based in St. Paul, Minnesota announced the completion of its Ivera Medical acquisition. The health care products manufacturer will now operate as a wholly owned subsidiary of 3M and will allow the company to offer a wider array of vascular access solutions.

Over the past 12 months, the company's stock has jumped about 18 percent.

CNBC's Fred Imbert contributed to this report.