3M rises 5% on improved first-quarter earnings guidance (NYSE:MMM)

Press Room

2 years ago

3M (NYSE:MMM) on Wednesday rose as much as 5% to two-month high after Chief Executive Mike Roman said the industrial company is likely to report a higher profit for the first quarter.
Speaking at an investor conference, he said the company is poised to report earnings of as much as $2.20 a share, up from $2.15 previously.
3M (MMM) yesterday appointed former L3Harris Technologies (LHX) Chairman and Chief Executive William Brown as its new CEO starting May 1. Roman was named as new executive chairman of 3M (MMM).