3M boosts full-year profit forecast on smaller projected tariff hit

News Snapshot:

3M MMM-N on Friday raised its full-year profit forecast and projected a smaller tariff-related hit to its 2025 earnings, amid easing trade tensions between the U.S. and China, sending shares of the industrial giant up nearly 4% in premaket trading. The company now expects a full-year adjusted profit between $7.75 and $8 per share, compared with its previous estimate of $7.60 to $7.90. The forecast includes a net hit of 10 cents per share to its 2025 profit, compared with its earlier forecast of 20 cents to 40 cents. As some of the trade tensions show signs of easing, companies...