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The company now expects full-year adjusted profit per share of between $9.10 and $9.15, compared with its prior forecast of $8.80 to $8.95. Shares of the company were up 2.7% before the bell. Robust industrial activity in the US as well as growing sales of chipmaking machines and materials have helped the company offset uneven demand in some end markets affected by inflationary pressures. Under CEO William Brown, the company has also focused on improving customer service and operational execution as it works to strengthen growth and profitability. Its consumer-facing businesses have continued to operate in a challenging spending environment, reflecting cautious discretionary purchases by customers. At the same time, higher energy costs have raised concerns about the potential impact on manufacturing activity and broader industrial demand. While demand from automotive and consumer electronics customers has remained subdued, growth tied to data centers and semiconductor-related markets has provided a bright spot for 3M's Transportation and Electronics business, helping cushion weakness in some of its traditional end markets. The Saint Paul, Minnesota-based company launched 87 new products in the third quarter. It expects to reach over 350 product launches by the end of this year. The Scotch-tape and Post-it maker reported adjusted quarterly revenue of $6.6 billion, up 4.2%. The company's quarterly adjusted profit came in at $2.50 per share, compared with $2.23 per share a year ago. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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