3M shares are trading higher after the company reported better-than-expected Q3 adjusted EPS and sales and raised its FY24 EPS guidance.
Portfolio Pulse from Benzinga Newsdesk
3M shares rise as the company reports better-than-expected Q3 adjusted EPS and sales, and raises its FY24 EPS guidance.
October 22, 2024 | 10:37 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
3M's stock price increased following the announcement of better-than-expected Q3 adjusted EPS and sales, along with an upward revision of its FY24 EPS guidance.
The positive earnings surprise and raised guidance are likely to boost investor confidence, leading to a short-term increase in 3M's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100