Solventum rises after co lifts 2024 profit forecast

Solventum

09/08/2024 14:18

** Shares of Solventum  SOLV.N  rise 1.9% to $59.75
premarket
    ** Late on Thursday, 3M's  MMM.N  healthcare spin-off raised
its annual adj EPS forecast to $6.30 to $6.50 from its previous
outlook of $6.10 to $6.40
    ** SOLV's Q2 rev of $2.08 bln grew 0.2% from a year ago
    ** However, co's Q2 EPS fell to 51 cents from $1.86 a year
ago
    ** Up to last close, stock down 26.7% since close on Mar 26,
after spin off from 3M

 (Reporting by Puyaan Singh)
 ((Puyaan.Singh@thomsonreuters.com;))