Caterpillar and 3M jump while Whirlpool tumbles

October 24, 2017

NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday:

Caterpillar Inc., up $6.56 to $138.24

The construction equipment company raised its profit forecast after a strong third-quarter.

3M Co., up $13.10 to $234.65

The maker of Post-it notes and industrial coatings forecast a larger profit and better sales for this year.

Biogen Inc., down $12.82 to $315.73

Sales of some of the company’s multiple sclerosis drugs fell short of analysts’ estimates.

Whirlpool Corp., down $19.24 to $163.26

The appliance maker had a weak third quarter and cut its profit forecast as its costs rose.

Stanley Black & Decker Inc., up $7.55 to $165.74

The tools maker gave a more optimistic profit forecast.

Eli Lilly & Co., down $2.01 to $85.17

The drugmaker said it may sell its Elanco animal health division.

McDonald’s Corp., up 54 cents to $163.88

The fast food chain said cheap burger and soda promotions helped its earnings in the third quarter.

HNI Corp., down $7.91 to $34.38

The office furniture maker said its fourth-quarter profit will fall because of weaker sales and higher costs.

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