Bumper quarter on the cards for 3M

Second quarter earnings for tech company 3M will be announced on 24 July – and stock performance is set to rise.

Back in April, 3M announced a rise in results by 0.5%. By contrast, General Electrics (GE) and Stanley Black and Decker has fallen 6.3% and 2.4%.

However, since April, strong second quarter earnings and positive development in the business could put stock performance on higher ground. 3M has secured a number of new orders following significant product launches, which could boost the company’s second quarter earnings. Also, the company has experienced high organic growth in Hong Kong and other developing markets, which should help to support the figures.

Second quarter results release: 24 July 2018.

Source: Forbes.