NEW YORK (
) -- U.S. stocks were rising midday Tuesday following positive earnings from
(MMM - Get Report)
(T - Get Report)
, which were leading the
Dow Jones Industrial Average
higher midday Tuesday.
The Dow was rising 111.63 points to 13,038.80 midday Tuesday.
Shares of AT&T climbed 4.05% to $31.85. The telecommunication company's first-quarter earnings beat analysts' earnings estimates. AT&T reported profit of 60 cents a share,
; analysts were looking for earnings of 57 cents.
gives AT&T a B grade with a buy rating and
3M shares gained 1.89% to $88.78. The Scotch tape maker's first-quarter earnings beat analysts' estimates and the company raised the
of its full-year guidance.
3M reported first-quarter earnings of $1.12 billion, or $1.59 a share, up from year-earlier earnings of $1.08 billion, or $1.49. The first quarter included a one-time charge of 4 cents a share. Analysts, on average, were expecting earnings of $1.49 a share.
Full-year 2012 guidance was raised to a range of between $6.35 a share and $6.50 a share from earlier estimates of between $6.25 a share and $6.50 a share.
gives 3M an A- grade with a buy rating and
The largest decliners in the index midday Tuesday were
(WMT - Get Report)
Shares of Wal-Mart fell 1.56% to $58.61. Wal-Mart's stock was one of the worst-performing stocks Monday in the
following reports that executives in Mexico
to help speed up the process of gaining market share in the country.
gives Wal-Mart an A grade with a buy rating and
Cisco shares dropped 1.19% to $19.44.
gives Cisco a B grade with a buy rating and
-- Written by Alexandra Zendrian
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