Shares of 3M Co. MMM, +0.24% tanked 6.2% in premarket trading Tuesday, after the consumer, industrial and healthcare-products company reported fourth-quarter profit that rose above expectations but provided a 2024 outlook that was well below forecasts. Net earnings per share rose to $1.70 from 98 cents a year ago. Excluding nonrecurring items, such as litigation costs and other special items, adjusted EPS rose to $2.42 from $2.18 to beat the FactSet consensus of $2.31. Total sales fell 0.8% to $8.01 billio ...

Results reflect strong operational execution, progress on restructuring, and spending discipline Well-positioned to continue improving performance, including continued expansion of adjusted operating margins3 in 2024 Health Care spin remains on track for first half of 2024 ST. PAUL, Minn., Jan. 23, 2024 /PRNewswire/ -- 3M (NYSE: MMM) today reported fourth-quarter and full-year 2023 results and provided its 2024 financial outlook. "The fourth quarter capped a strong year for 3M," said 3M chairman and CEO M ...

Inflation is cooling, and there are positive signs of the economy improving. We can expect rate cuts by May, and the ongoing earnings season could take stocks higher. The economy might be showing signs of positivity today, but you need to be prepared for anything that comes your way. As an investor, it helps to build a portfolio of resilient stocks that can thrive in any market situation. If you are an investor like me, you would prefer to build a stock portfolio that not only performs in tough times but al ...

One of America’s biggest household names, 3M of Post-Its fame and a leading name in the protective equipment and safety space, has been in a precarious position as of late.In mid-2023, courts ruled that 3M was to pay damages to the tune of $253.1 million to approximately 30,000 United States military veterans, whose hearing had been permanently damaged by defective 3M earplugs. The court proceedings are so extensive that they even have their own website: 3m-earplugsettlement.com Payments dueCopy link to sec ...

Key Points3M stock has fallen out of favor in 2023's growth-focused market, this time around, it's safety and yield may become a requirement.Should the FED switch its timetable on interest rate cuts, investment dollars could flock to this and other industrial names.Analysts are increasing its price target, and its dividend yield makes its current valuation a once-in-a-cycle opportunity.5 stocks we like better than Industrial Select Sector SPDR FundEveryone pretty much is aware that the FED has taken a diffe ...

There is very little love on Wall Street for 3M (MMM 1.24%) today. And that makes complete sense given the headwinds the industrial giant is facing, both internally and externally.And yet there is a path that leads to a massive price advance over the next five years. Here's what it would take.The bad news for 3M and its investorsThe troubles 3M faces today have made headlines across major news outlets. The most attention-grabbing have been its product liability and environmental problems. Notably, users of ...

3M (MMM 1.24%) has been viewed as a relatively safe investment for decades thanks to its steadily growing dividend and diversified business. But its share prices have fallen by 21.3% over the past decade as its growth has slowed and its margins have shrunk.The question for investors today is whether this underperformance is an outlier or 3M's new normal.3M's rapid downfallThere are several ways to look at 3M's decline over the past decade, but I want to start with the high-level numbers. Its revenue is up j ...

3M Company (MMM) is scheduled to release fourth-quarter 2023 results on Jan 23 before market open.The company delivered better-than-expected results thrice and missed estimates once in the trailing four quarters, the earnings surprise being 16.7%, on average. In the last reported quarter, its earnings of $2.68 per share surpassed the Zacks Consensus Estimate of $2.34 by 14.5%.Image Source: Zacks Investment ResearchIn the past three months, 3M’s shares have gained 23% compared with the industry’s growth of 9 ...

Wall Street expects a year-over-year increase in earnings on lower revenues when 3M (MMM) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on January 23, 2024, might help the stock move higher if these key numbers are better than expectation ...

ST. PAUL, Minn., Jan. 16, 2024 /PRNewswire/ -- Continuing its proven leadership in innovation, the 3M™ Littmann® brand has announced a new update to its tubing, unveiling the new Satin Finish tubing. 3M™ Littmann® brand has announced a new update to its tubing, unveiling the new Satin Finish tubing. Studies have shown that 3M™ Littmann® Stethoscopes' Cardiology IV™ and Classic III™ Stethoscopes are more than twice as loud as the next leading competitor. That allows health care professionals to more reli ...