Tiger Brokers

BUZZ-3M beats Q1 profit estimates, shares reverse course premarket

Reuters
Apr 22
BUZZ-<a href="https://laohu8.com/S/MMM">3M</a> beats Q1 profit estimates, shares reverse course premarket

Updates

** Shares of industrial conglomerate 3M MMM.N reverse course, up more than 5.5% at $133 after falling 2.5% earlier

** Co beats Q1 profit estimates, flags potential tariff hit on 2025 profit

** Co expects a tariff-related negative impact of $0.20 to $0.40 per share on its 2025 adjusted profit forecast of $7.60 to $7.90

** Co posts Q1 profit of $1.88 per share, ahead of analysts' estimates of $1.77 per share, according to data compiled by LSEG

** MMM posts Q1 total net sales of $5.78 bln, compared with analysts' estimate of $5.75 bln

** 12 of 19 brokerages rate the stock "buy" or higher, 5 "hold" and 2 "sell"; their median PT is $155 - LSEG data

** As of last close, stock was down 2.32% YTD

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))

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