3M, Teradyne And More: CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Stephen Weiss of Short Hills Capital Partners said he is short on Invesco QQQ Trust QQQ.

Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC named 3M Company MMM.

On April 30, 3M reported better-than-expected first-quarter 2024 results. The company reported net sales of $8 billion, a slight decline of 0.35% year-over-year. Adjusted net sales totaled $7.72 billion, up 0.5% Y/Y, beating the consensus of $7.63 billion with 0.8% growth in organic sales. Adjusted EPS was $2.39 compared to $1.97 in the prior-year quarter, beating the consensus of $2.10.

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Joseph M. Terranova of Virtus Investment Partners said Teradyne, Inc. TER reported strong earnings.

On April 24, Teradyne posted upbeat first-quarter results and issued a strong second-quarter forecast. The company posted adjusted earnings of 51 cents per share, beating market estimates of 33 cents per share.

Teradyne's quarterly sales came in at $599.819 million versus expectations of $566.31 million, according to data from Benzinga Pro.

Price Action:

• 3M shares rose 0.7% to close at $99.63 on Monday.
• Invesco QQQ Trust gained 0.2% during Monday's session.
• Teradyne shares rose 1.6% to settle at $124.85 on Monday.

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