3M profit jumps as world masks up for coronavirus [Yahoo! Finance News]
3M Company (MMM)
Last 3m company earnings: 4/28 06:30 am
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investors.3m.com/overview/default.aspx
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Source: Yahoo! Finance News
The 3M Global Headquarters in Maplewood, MinnesotaBy Rachit VatsReuters) - Industrial conglomerate 3M Co's quarterly profit surpassed expectations on Tuesday, boosted by higher demand for its N95 respirator masks during the ongoing coronavirus pandemic, sending its shares up as much as 6%.3M is the world's biggest maker of the masks and has seen demand swell as the outbreak spread globally, putting the company at the heart of a tug-of-war over supplies.The worldwide lockdowns, however, are hammering other parts of its business, and it reported fall in revenue at its all units except healthcare and consumer."We believe Q2 results will be especially challenged given the trends we have seen so far in April," CEO Michael Roman said on a post-earnings call.The Minnesota-based company pulled its 2020 outlook citing economic uncertainty due to the pandemic and also suspended its share repurchase.The company now expects 2020 capex to be about $1.3 billion compared to its prior estimate of $1.
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News
- 3M (NYSE:MMM) had its "overweight" rating reaffirmed by analysts at Barclays PLC.MarketBeat
- Scotch Brand partners with Ego Nwodim to inspire joyful holiday giftingPR Newswire
- 3M Announces Upcoming Investor EventPR Newswire
- A Look Back at General Industrial Machinery Stocks' Q3 Earnings: 3M (NYSE:MMM) Vs The Rest Of The Pack [Yahoo! Finance]Yahoo! Finance
- 3M (NYSE:MMM) had its price target raised by analysts at Wolfe Research from $187.00 to $197.00. They now have an "outperform" rating on the stock.MarketBeat
MMM
Earnings
- 10/21/25 - Beat
MMM
Sec Filings
- 12/3/25 - Form 4
- 11/14/25 - Form 4
- 11/14/25 - Form 4
- MMM's page on the SEC website