3M CompanyMMM
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3M reported Q2 earnings beat and raised full-year profit forecast.
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3M Company3M Stock Soars After Earnings Beat and Raised Profit Forecast
Earnings
Shares of industrial conglomerate 3M jumped 6.1% in pre-market trading after the company reported second-quarter results that beat Wall Street expectations and raised its full-year profit forecast. Adjusted earnings per share came in at $2.40, topping consensus estimates of $2.25, while sales reached $6.5 billion, reflecting 5.4% organic growth compared to the previous year. Management raised its full-year adjusted EPS guidance to $8.88 at the midpoint, a 3.2% increase. The stock is up 7.3% since the beginning of the year and trading near its 52-week high of $174.61.
3M Company3M reported Q2 earnings beat and raised full-year profit forecast.