Reported about 16 hours ago
3M Co. announced a fourth-quarter adjusted profit exceeding analyst estimates, attributed to a surge in demand for industrial adhesives, tapes, and electronics, which lifted shares by over 5% in premarket trading. The company experienced growth in electronic component sales and reported a significant reduction in operating expenses due to a restructuring effort. For 2025, 3M forecasts adjusted profits in line with Wall Street predictions and plans to buy back $1.5 billion in shares.
Source: YAHOO