3M Raises Profit Forecast as Turnaround Plan Gathers Pace
Guidance·1 article across 1 outlet·↩ Updated
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
3M Co. topped Wall Street’s profit expectations and raised its full-year outlook, a sign that the conglomerate’s slow-and-steady turnaround effort is proceeding despite broader economic volatility.
3M's stock surged following the announcement of the raised outlook, reflecting investor confidence in the company's ongoing turnaround efforts.
3M
Sources
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SourceReports the news
“3M Co. topped Wall Street’s profit expectations and raised its full-year outlook, a sign that the conglomerate’s slow-and-steady turnaround effort is proceeding despite broader economic volatility.”
Bloomberg — 3M Raises Profit Forecast as Turnaround Plan Gathers Pace“3M stock jumps on raised outlook as company's turnaround gains traction”
Yahoo Finance — 3M stock jumps on raised outlook as company's turnaround gains traction“3M beat earnings expectations and raised its full-year forecast — its stock surged”
quartz — 3M beat earnings expectations and raised its full-year forecast — its stock surged
Earlier versions
- Jul 21, 10:39 AM — 3M Raises Profit Forecast as Turnaround Plan Gathers Pace (1/1)