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3M Lifts 2025 Profit Forecast On Cost-Cutting, Margin Expansion Efforts

Reuters
07-18

July 18 (Reuters) - Industrial giant 3M MMM.N on Friday raised its full-year profit forecast, as cost-cutting measures and efforts to focus on high-margin products are paying off.

The industrial giant now expects a full-year adjusted profit between $7.75 and $8 per share, compared with $7.60 to $7.90 per share expected previously.

3M shares gained 3% in premarket.

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