US Stock Market Move | 3M (MMM.US) rose 6.4% at one point, marking its largest increase since the end of July last year.

On Tuesday, the stock price of 3M (MMM.US) rose, at one point increasing by 6.4%, marking the largest increase since July 26th. As of the time of writing, the stock has risen over 4%, reaching $146.811. The company had previously announced its fourth quarter and full-year performance for 2024, as well as financial guidance for 2025. The financial report showed that 3M's Q4 earnings per share were $1.33, a 17% increase from the same period last year, and adjusted earnings per share were $1.68, surpassing FactSet's prediction of $1.66; sales increased by 0.1% to $6.01 billion, higher than FactSet's forecast of $5.783 billion. Among them, adjusted sales were $5.8 billion, a 2.2% year-on-year increase, and adjusted organic sales grew by 2.1%. Looking at the entire year, in 2024 3M's GAAP earnings per share were $7.26, with an operating profit margin of 19.6%; adjusted earnings per share were $7.30, a 21% year-on-year increase. Annual sales were $24.6 billion, a 0.1% year-on-year decrease, with organic sales falling by 0.2%. Adjusted sales were $23.6 billion, a 1.3% year-on-year increase, and adjusted organic sales increased by 1.2%. For 2025, 3M expects adjusted earnings per share to be between $7.60 and $7.90, with FactSet's expectation at $7.78. The company forecasts sales growth of 0.5% to 1.5%, while FactSet's current consensus is a 2.3% decrease in sales.