3M reported an increase in margin, earnings, and implied cash flow guidance, but lowered full-year revenue growth expectations. Despite solid results, the stock declined by 5.2% due to challenges in key end markets like consumer electronics and auto sectors. Management is focusing on improving operational performance, with new product introductions and on-time-in-full deliveries at a six-year high. The company raised full-year operating profit expansion guidance and earnings per share guidance. While end-market challenges persist, the dip in stock price may present a buying opportunity with stabilization in consumer electronics and auto sectors.
Read more at Yahoo Finance: Here’s Why 3M Shares Slumped Today (and Why It Could Be a Good Buying Opportunity)