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3M shares rise 5.1% on announcement of data center business expansion with Amazon

The Motley Fool ·

MMM 3M Co
$173.46 -1.20%
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  1. 13M has expanded its commercial relationship with Amazon to supply data center products.
  2. 23M will issue 3.2 million shares exercisable via warrants to Amazon if cumulative sales of the data center products reach $6 billion over seven years.
  3. 33M raised its 2026 adjusted earnings per share (EPS) guidance range from $9.10 to $9.15.

So what's the key point?

3M has agreed to supply more data center products to Amazon. The company also slightly increased its expected earnings per share range.

Source The Motley Fool · View original ↗

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