Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data. Let's take a look at some stocks on the move today.
Alexis Christopher's all right, let's get to it and start with three M, the maker of Scotch tape post it notes Scotch guard and a whole bunch of other things, including roofing, granulars, and electronic materials. This stock is down three percent today, twenty percent though here to date. Here's the story. Three MS adjusted earnings beat expectations through the quarter.
It's also standing by financial guidance for the year despite what it calls a volatile environment, which includes rising costs and impacts from the war in Iran. Here's what's tripping up investors, organic sales at three M growth at three M disappointing investors. Organic sales growth coming in short of that two percent growth that the Wall Street Wall Street
was looking for. All So three M is dealing with litigation ongoing litigation over its use of those forever chemicals and also defective combat arms earplugs, so they're having to set aside money for that litigation. Taking a look now at shares of United Health, they are rallying this morning, up about seven percent here in the pre market. It reported a two percent increase in revenue in the first quarter of this year and increased its earnings guidance for
the year. United Health's stock surging also on news that they had expectedly unexpectedly strong first quarter results. And we're also seeing something called medical cost ratio. This was up eighty four percent in the first quarter at United Health. That is the lowest rate reported in two years. They say that's due to strong medical cost management. So shares of United Health having a good time of it this morning. And tractor supply that is with Tennessee Yeah, down five
and a half percent this morning. First quarter net income fell because it's pet spending showed signs of slowing that this pet division and people are spending less on the pet including farm animals.
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