Investing.com - Stocks in focus in pre-market trade Tuesday:
• 3M (NYSE:MMM) stock advanced 0.84% as the company reported better-than-expected earnings per share and raised its forecast for 2018 GAAP earnings to a range of $9.08 to $9.38 per share versus $8.68 to $9.03 previously.
• Eli Lilly (NYSE:LLY) stock rose 3.25% after the company’s second-quarter results beat consensus and it announced that it would spin off its animal health unit in an initial public offering of less than 20% of the division.
• FCB Financial Holdings (NYSE:FCB) stock fell 2.37% after Synovus Financial announced that it would acquire the firm in an all-stock transaction valued at $58.15 per FCB share or $2.9 billion in aggregate. The offer was lower than FCB’s closing price of $59.20 on Monday. Shares in Synovus (NYSE:SNV) sank 5.30%.
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