3M Company Raises FY23 EPS Outlook to $8.60 - $9.10 From $8.50 - $9.00 Prior, Vs. $8.62 Estimate
Portfolio Pulse from Benzinga Newsdesk
3M Company has raised its full-year adjusted EPS expectations for 2023 to $8.60 to $9.10, up from the previous $8.50 to $9.00. This is due to the company's strong operational execution and cost discipline. Adjusted total sales growth is expected to be in the range of -5 to -1 percent, with adjusted operating cash flow of $5.9 to $6.3 billion.
July 25, 2023 | 10:34 am
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POSITIVE IMPACT
3M Company has raised its FY23 EPS outlook, which could positively impact its stock price.
3M's raised EPS outlook for FY23 indicates strong operational execution and cost discipline, which are positive indicators for investors. This could lead to increased investor confidence and a potential rise in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100