U.S. industrial conglomerate 3M Co on Tuesday beat Wall Street expectations for first-quarter profit on cost cutting, sending its shares up 7% even as it warned of a potential hit to 2025 earnings from trade tensions.

The maker of Post-its and Scotch tape kept earnings-per-share guidance steady, but says tariffs could lower it by 20 cents to 40 cents.

M Co. posted better-than-expected first quarter earnings and kept its full-year 2025 outlook in place — with a caveat showing how much a growing trade war could cut into profits.