3M Co on Thursday became the latest U.S manufacturer to signal American corporat...
Overall, 3M’s sales in Asia-Pacific, its biggest market outside the United States, fell 5%. In the United States adjusted sales dropped 1.1% and also came in below the expectations of some analysts.
3M, known for Scotch tape and Post-it notes, earlier this year announced plans to reduce production and cut 2,000 workers as its sales slowed. 3M lowered its full-year adjusted earnings expectations to be between $8.99 and $9.09 per share, down from its prior outlook of $9.25 to $9.75.
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