3M Soars 7.3% After Q2 Beat and Raised Guidance
MMM sits 23% above its 52-week low of $139.34 on elevated volume (2.8× avg).
Summary
3M shares surged 7.3% on Tuesday after the company reported Q2 adjusted EPS of $2.40, up 11% year-over-year, and raised its full-year adjusted EPS guidance to $8.80–$8.95, above the $8.72 consensus. The strong price move reflects the market's positive reaction to the beat and the first full-year guidance since the Solventum spin-off. This follows the earnings release and 8-K filed earlier today, adding the trading session's price action as a new data point. The rally pushes the stock near its 52-week high of $177.41, signaling broad investor confidence in the turnaround narrative.
At the time of this announcement, MMM was trading at $170.76 on NYSE in the Manufacturing sector, with a market capitalization of approximately $89.1B. The 52-week trading range was $139.34 to $177.41. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: dpa-AFX.