What happened: 3M (MMM) stock jumped more than 8% on Tuesday after the industrial conglomerate beat Wall Street's earnings expectations and raised its full-year guidance. What's behind the move: For the second quarter, 3M reported adjusted earnings of $2.40 per share, well above the $2.25 expected by analysts. Adjusted operating margins improved to 24.9%, a sign that the company's multiyear turnaround, which began in 2024, is gaining traction. In the company's earnings release, 3M highlighted software giant Microsoft (MSFT) as the first hyperscaler to deploy its Expanded Beam Optics technology for AI data centers. Click here for in-depth analysis of the latest stock market news and events moving stock pricesRead the latest financial and business news from Yahoo Finance