3M Stock Price Jumps 20% to Two-Year High on Strong Earnings, Guidance
MMM3M(MMM) Investopedia·2024-07-27 00:31

Key Takeaways3M shares soared as the conglomerate beat profit and sales estimates under new CEO William Brown. The company also raised its full-year earnings guidance.The gains came as the company refocused on growth following settlements of two big class-action lawsuits and the spinoff of its Solventum health care unit.The stock's surge was powering a 700-point gain for the Dow Jones Industrial Average in midday trading Friday. Shares of 3M (MMM) soared Friday after the maker of a wide array of commercial ...