Shares in industrial conglomerate 3M (NYSE: MMM) spiked by 6% in early morning trading as the market warmed to the company's fourth-quarter earnings report. 3M's turnaround continues The earnings report and guidance were solid enough and helped confirm the bullish case for 3M stock.

Key Takeaways 3M shares surged Tuesday after the company topped fourth-quarter earnings and revenue estimates on what it called "broad based growth" and strong holiday sales.Sales rose at its Transportation & Electronics and Safety & Industrial units.

M stock is soaring Tuesday after the industrial conglomerate beat expectations for its fourth quarter and provided a positive outlook. Here's what to know.