3M Company (MMM) Soars to All-Time High on Strong Sales, Upbeat Outlook

Group 1 - 3M Company (NYSE:MMM) reached an all-time high stock price of $166.82, closing up 7.66% at $166.64, driven by improved sales performance in Q3 and a positive growth outlook [1] - The company now expects total sales to exceed the previous target of 2.5%, with adjusted organic sales growth projected to be over 2% [2] - Q3 sales increased by 3.5% to $6.517 billion compared to $6.294 billion in the same period last year, although net income fell by 39% to $834 million from $1.372 billion year-on-year [3] Group 2 - For the nine-month period, net sales rose by 1.3% to $18.8 billion from $18.56 billion year-on-year, while net income decreased by 22% to $2.673 billion from $3.445 billion year-on-year [3] - Earnings per share are now estimated to be in the range of $7.95 to $8.05, an increase from the previous estimate of $7.75 to $8 [2]