Dow Jumps 200 Points; 3M Posts Upbeat Q4 Results - New Oriental Education (NYSE:EDU), Asset Entities (NASDAQ:ASST)
- 3M reported a 0.1% growth in quarterly sales for Q4 2024, with profits rising 14% to $728 million, despite missing full-year revenue growth for 2024 by 0.1% as noted in the earnings report.
- The company forecasted up to 3% organic sales growth for 2025 and saw its stock price increase by 5% after the positive outlook was announced.
- CEO Bill Brown stated, "Our strong finish in the fourth quarter gives us confidence in our ability to deliver in 2025," emphasizing team enthusiasm during the conference call.
- 3M's legal challenges, particularly related to PFAS litigation, continue to affect financials, with ongoing costs expected to impact cash flows, as mentioned in the report.
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Leaning Left3Leaning Right0Center2Last UpdatedBias Distribution60% Left
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C 40%
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