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0.000571421482090603 0.000772112296362591 0.000900554417496763 0.00133769550022005 -0.00398973338772674 -0.00260314230730208 -0.00508441055648274 -0.00508441055648274
Stock impact report

3M beats first-quarter estimates, flags potential tariff hit on 2025 profit [FOX Business Network]

3M Company (MMM) 
Last 3m company earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: investors.3m.com/overview/default.aspx
U.S. industrial conglomerate 3M Co. on Tuesday beat Wall Street expectations for first-quarter profit on cost cutting, sending its shares up 7% even as it warned of a potential hit to 2025 earnings from trade tensions. Bill Brown, who succeeded Mike Roman as CEO in May, laid out a restructuring plan in July focused on reining in spending and redirecting funds from mitigating legal liabilities. In February, 3M said it was targeting an operating margin of about 25% by 2025. In the first quarter, adjusted operating income margin was 23.5%, up 220 basis points. Minnesota-based 3M now expects a potential tariff-related hit of 20 cents to 40 cents per share on its 2025 adjusted profit forecast of $7.60 to $7.90, keeping in view heightening global trade tensions. U.S. President Donald Trump's tariffs have fueled concerns about an economic slowdown and a decline in consumer sentiment, which could impact sales for 3M's consumer products, including its iconic Scotch tape and Post-it no Show less Read more
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