3M reported better-than-expected Q2 results with adjusted EPS of $2.40, beating estimates and up 11% year-over-year. Revenue reached $6.5 billion, surpassing forecasts, driven by 5.4% organic sales growth. Despite a GAAP operating margin decline, adjusted operating margin improved, reflecting strong operational performance. The company raised its full-year 2026 adjusted EPS guidance to $8.80-$8.95 and expects continued sales growth and margin expansion, signaling confidence in long-term value creation for shareholders.
Wall Street futures rose Tuesday morning with Nasdaq up 1.3%, led by technology stocks like Nvidia, which gained momentum after investing in cloud provider Nebius. The market is reacting to President Trump's announcement of new 50% tariffs on various...
U.S. stock futures rose Tuesday as semiconductor stocks like Micron and Intel bounced back after last week's sell-off, supported by strong earnings from 3M and General Motors. The Dow gained on these earnings beats, while the Nasdaq led gains driven ...
3M reported Q2 GAAP sales of $6.5 billion, up 2.4% year-on-year, with adjusted sales growing 5.5% driven by 5.4% organic growth. GAAP EPS rose 33% to $1.78, while adjusted EPS increased 11% to $2.40, supported by a 24.9% adjusted operating margin. Th...
