3M Posts Big Earnings Beat Following Recent Legal Settlements

There is a lot going on a 3M these days, including some big legal settlements. Investors and Wall Street have reacted by essentially avoiding the stock. 3M could change investor sentiment when it reports third-quarter earnings Tuesday morning.

Coming out of the second-quarter report, 3M was expected to generate full-year earnings per share of between $8.60 and $9.10. That left between $4.46 and $4.96 a share for the second half of 2023, up from the $4.14 reported in the first half. Since the end of the second quarter, 3M agreed to settle claims related to potentially faulty earplugs sold to the government for about $6 billion. That settlement, along with a June settlement related to chemicals produced by 3M and others that were found in groundwater, has led to a couple of Wall Street upgrades.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tech's Biggest Earnings Week Is HereMicrosoft and Alphabet kick off a big week of Big Tech earnings Tuesday.
Source: MarketWatch - 🏆 3. / 97 Read more »

Agilysys’ stock jumps on revenue, earnings beatJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock Market Today: Dow falls as energy stocks weigh; big tech earnings eyedStock Market Today: Dow falls as energy stocks weigh; big tech earnings eyed
Source: Investingcom - 🏆 450. / 53 Read more »

Dow Jones, Nasdaq, S&P 500 weekly preview: Testing key support ahead of Big Tech earningsDow Jones, Nasdaq, S&P 500 weekly preview: Testing key support ahead of Big Tech earnings
Source: Investingcom - 🏆 450. / 53 Read more »

Dow Jones, Nasdaq, S&P 500 weekly preview: Testing key support ahead of Big Tech earningsDow Jones, Nasdaq, S&P 500 weekly preview: Testing key support ahead of Big Tech earnings
Source: Investingcom - 🏆 450. / 53 Read more »

Strong Ad Sales Wind Beneath Big Tech EarningsU.S. technology giants are likely to post their strongest quarterly revenue growth in at least a year as their legacy businesses stabilized, but investors looking for signs of a boost from artificial intelligence (AI) may be disappointed.
Source: NEWSMAX - 🏆 16. / 71 Read more »