3M hits three-year high as earnings beat paves way for stronger profit
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3M Co's stock surged over 5% after reporting better-than-expected earnings and forecasting improved profits for the coming year. Despite a 2% drop in fourth-quarter adjusted per-share earnings to $1.68, it surpassed market expectations of $1.66.
January 21, 2025 | 5:30 pm
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3M Co's stock rose over 5% following an earnings report that exceeded expectations, with a forecast for improved profits. Q4 adjusted EPS was $1.68, above the expected $1.66.
3M's stock price increased significantly due to the positive earnings surprise and optimistic profit forecast. The market reacted favorably to the earnings beat, which was slightly above expectations, indicating investor confidence in the company's future performance.
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