MMM Apr 2024 116.000 call
| Previous close | 0.3800 |
| Open | 0.4100 |
| Bid | 0.4600 |
| Ask | 0.6700 |
| Strike | 116.00 |
| Expiry date | 2024-04-26 |
| Day's range | 0.3800 - 0.4200 |
| Contract range | N/A |
| Volume | |
| Open interest | 105 |
- Yahoo Finance Video
Amazon, AMD, 3M earnings, consumer data: What to watch
Many companies will release their latest quarterly earnings, including Amazon (AMZN), AMD (AMD), 3M (MMM), Starbucks (SBUX), Coca-Cola (KO), Stellantis (STLA), Super Micro (SMCI), Pinterest (PINS) and more. April's Consumer Confidence data will be released. Current estimates hover at 103.5, lower than March's 104.7. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino
Reuters3M beats profit estimates on price hikes, cost cuts
3M said its dividend payout ratio is expected to be 40% of adjusted free cash flow, with a potential to increase over time following the spin off of its healthcare business. The company has benefited from steady price increases across categories, which have helped it offset inflation and slow demand in its electronics business. "We improved performance in our businesses through strong operational execution, completed the spin-off of Solventum, and finalized two major legal settlements," outgoing 3M CEO Mike Roman said.
- Reuters
UPDATE 1-3M quarterly profit jumps on price hikes, cost cuts
U.S. industrial conglomerate 3M Co posted a 21% rise in quarterly profit on Tuesday as price hikes and cost cuts offset the impact from slow sales. 3M has hiked prices over the past two years and said last quarter it will continue to lean on price increases across categories to offset inflation and slow demand in its electronics business that makes optical films for smartphone and television displays. This helped the industrial conglomerate, along with cost cuts, to navigate the slow demand environment, particularly in markets such as China.
