3M raises full-year profit forecast on demand recovery, cost cuts-March 2024-www.financetom.com

3M raises full-year profit forecast on demand recovery, cost cuts

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3M raises full-year profit forecast on demand recovery, cost cuts

Jul 26, 2024 4:01 AM

July 26 (Reuters) - 3M Co ( MMM ) raised the low end of

its full-year adjusted profit forecast on Friday expecting to

benefit from restructuring measures and increasing demand for

electronics, sending its shares up 2.5% in premarket trading.

The St. Paul, Minnesota-based company now expects full-year

adjusted profit to be between $7.00 and $7.30 per share, above

its previous forecast of $6.80 to $7.30 per share.

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