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MMM / 3M bounces sharply off an 11-year low after big adjusted profit beat and raised outlook

3M bounces sharply off an 11-year low after big adjusted profit beat and raised outlook
Shares of 3M Co. MMM, -1.10% bounced 4.6% off an 11-year low in premarket trading Tuesday, after the consumer, industrial and health care-products company swung to a third-quarter loss due to $4.2 billion settlement of Combat Arms earplugs litigation, but reported adjusted profit that was well above expectations and raised its full-year outlook. The maker of Scotch tape, Post-it Notes, Command strips and N95 face masks said the net loss for the quarter was $3.74 a share, after net income of $6.77 a year ago. Read More
Posted: Oct 24 2023, 06:40
Author Name: Market Watch
Views: 112246

MMM News  

3M: A Steal With A 7% Yield

By Seeking Alpha
November 2, 2023

3M: A Steal With A 7% Yield

3M is an attractive investment with a low P/E ratio of 9x and a healthy 7% dividend yield. The company beat profit estimates in the third quarter, sho more_horizontal

3M Could Get Cut In Half, So Buy These 8%-Yielding SWANs Instead

By Seeking Alpha
October 31, 2023

3M Could Get Cut In Half, So Buy These 8%-Yielding SWANs Instead

3M Company's travails continue, with an earnings pop fading and the yield once more approaching a record high. 3M's growth outlook has been cut in hal more_horizontal

Is 3M Stock a Buy?

By The Motley Fool
October 30, 2023

Is 3M Stock a Buy?

3M is on track to deliver sales growth at the low end of its guidance at the beginning of the year. Management's restructuring programs appear to be i more_horizontal

Why 3M's Long-Term Decline Will Continue

By The Motley Fool
October 28, 2023

Why 3M's Long-Term Decline Will Continue

3M's better-than-expected earnings don't change the story for the company long term. more_horizontal

Thinking of Buying 3M Stock? 3 Things You Need To Know First

By The Motley Fool
October 25, 2023

Thinking of Buying 3M Stock? 3 Things You Need To Know First

Lawsuit payouts could lead to a dividend cut. The upcoming healthcare spinoff will change the company. more_horizontal

3M Posts Stable Earnings, is That a Reason for Investors to Buy?

By MarketBeat
October 25, 2023

3M Posts Stable Earnings, is That a Reason for Investors to Buy?

Shares of 3M NYSE: MMM are up more than 5% in early morning trading after the company posted a double beat in its third quarter earnings report. The S more_horizontal

S&P 500 Gains and Losses Today: Verizon, 3M Earnings Help Power Index Higher

By Investopedia
October 24, 2023

S&P 500 Gains and Losses Today: Verizon, 3M Earnings Help Power Index Higher

U.S. equities gained, with the S&P 500 rising 0.7%, amid solid corporate earnings and optimism about the financial reports coming this week from some more_horizontal

3M Beats Estimates and Raises Its Outlook on Higher Prices and Cost-Cutting Measures

By Investopedia
October 24, 2023

3M Beats Estimates and Raises Its Outlook on Higher Prices and Cost-Cutting Measures

3M (MMM) posted better-than-expected results and boosted its guidance as the diversified manufacturing giant benefited from higher prices and cost sav more_horizontal


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