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3M (NYSE: MMM) Stock Rises on Earnings Beat and Amazon Data Center Deal
Financial Modeling Prep· 2026-10-22 01:07
3M (NYSE: MMM) shares closed at $171.37 on October 20, up approximately 5.8%. The rally followed stronger-than-expected earnings, higher guidance and an expanded commercial agreement to supply Amazon with optical-connectivity and other data-center products. 3M (NYSE: MMM) shares gained after the company exceeded third-quarter profit estimates and raised its full-year outlook. Adjusted earnings reached $2.50 per share, compared with analysts' estimate of approximately $2.38. An expanded agreement to supply A ...
MMM Q3 Earnings Call Highlights AI Deals and Higher Outlook
ZACKS· 2026-10-21 23:11
Key Takeaways 3M Company (MMM) emphasized stronger industrial demand, expanding data center opportunities and continued productivity improvements during its third-quarter 2026 earnings call. Management also raised its full-year earnings outlook while outlining expectations for further margin expansion. The discussion centered on the company's Artificial Intelligence infrastructure partnerships, improving order trends and ability to offset inflation through pricing. Executives also addressed weakness in cons ...
3M and AWS collaborate to advance optical connectivity innovation
Prnewswire· 2026-10-21 22:28
3M and AWS collaborate to advance optical connectivity innovation 3M and AWS collaborate to advance optical connectivity innovation Oct 21, 2026, 10:28 ET AWS is investing in 3M's Expanded Beam Optical technology for its data center infrastructure SAINT PAUL, Minn., Oct. 21, 2026 /PRNewswire/ -- 3M (NYSE: MMM) and Amazon Web Services (AWS) today announced an expanded strategic collaboration. AWS plans to deploy and scale 3M's Expanded Beam Optical (EBO) platform for its data center infrastructure. Together, ...
3M's Legal Troubles Are Fading. Is the Best Part of Its Rally Still Ahead?
MarketBeat· 2026-10-21 20:35
3M NYSE: MMM stock has been in recovery mode since early in 2024, when it began to emerge from legacy issues: liabilities from its decades of producing PFAS, the so-called "forever chemicals" linked to environmental contamination and health concerns, and the class-action lawsuits that followed. These issues still affect results today, but their impact is fading and is priced into the outlook. The 2026 narrative is that the company sustains growth, widens margins, and returns ample capital to investors, all ...
美国电气设备-三季度前瞻:增长有望持续,关注价格与成本变化-US Electrical Equipment 3Q Preview Durable Growth Likely PriceCost a Watch Item
2026-10-21 18:36
12 Oct 2026 04:00:00 ET │ 80 pages Ac t i o n | 3Q Preview: Durable Growth Likely; Price/Cost a Watch Item CITI'S TAKE We remain largely constructive on Multis ahead of 3Q earnings as a combination of durable secular tailwinds led by data center-related infrastructure investment and likely still improving/broadening short-cycle demand we think should support solid topline momentum and durable earnings expectations. That said, we are also attuned to risk factors such as potential price vs. cost headwinds giv ...
Review & Preview: The Broadening Continues
Barrons· 2026-10-21 07:55
Tech stocks stabilized on Tuesday, but the rally continues thanks to 3M, Northrop Grumman and Hasbro. ...