
3M Rises, Halliburton Mixed, Genuine Parts Shares Fall on Cut Guide, Deal Denial
On this episode of Stock Movers: -3M (MMM) shares rise. 3M Co. topped Wall Street’s profit expectations and raised its full-year outlook, a sign that the conglomerate’s slow-and-steady turnaround effort is proceeding despite broader economic volatility. The company had adjusted earnings of $2.40 a share in the second quarter, beating the $2.25 expected on average by analysts, and expects adjusted total sales growth in excess of 4.5%. -Halliburton (HAL) shares are mixed. Halliburton Co. sees incremental growth in North American activity throughout the year as drilling and fracking…
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