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00:023M shares rose in Tuesday pre-market trading after the company reported better-than-expected
00:08second-quarter results and raised its full-year guidance, according to Benzinga.
00:13Adjusted earnings reached 2.40 per share, above the 2.25 analyst estimate.
00:19Revenue increased 2.4% to $6.50 billion, topping expectations of $6.41 billion.
00:25Adjusted organic sales grew 5.4%, while adjusted operating margin expanded 40 basis points
00:31to 24.9%.
00:32Safety and industrial revenue rose 8.2%, while consumer revenue fell 1.8%.
00:393M raised its 2026 adjusted earnings forecast to $8.80 to $8.95 per share, above the Wall
00:45Street consensus estimate of $8.75.
00:48The company expects organic sales growth above 3.5% and adjusted operating margin expansion
00:53of 70 to 80 basis points.
00:55Shares climbed 6.22% to $169.00, according to Benzinga ProData.
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