3M, which makes Scotch tape and Post-it notes, reported better-than-expected quarterly results and raised its 2017 profit forecast, helped by growth across its major businesses.
Shares of the company were up 2.4 percent at $198.70 in premarket trading on Tuesday.
The company said it expected 2017 earnings in the range of $8.70 to $9.05 per share, compared with its earlier forecast of $8.45 to $8.80 per share.
Net income attributable to the company rose to $1.32 billion, or $2.16 per share, in the first quarter ended March 31 from $1.28 billion, or $2.05 per share, a year earlier.
Net sales rose 3.7 percent to $7.69 billion.
Analysts on average were expecting adjusted earnings of $2.06 per share and sales of $7.47 billion for the quarter, according to Thomson Reuters I/B/E/S.