Because foreign imports slow down, especially such as LCD TVs and other electronic products, manufacturing group 3M (MMM-US) on Tuesday cut its earnings forecast for this year. GMT 22:13 3M shares fell $ 4.07, or 4.95%, to $ 78.11. The company now expects earnings per share this year from 5.85 to 5.95 U.S. dollars, the previous estimate of 6.10 to 6.25 U.S. dollars per share. Core sales expected to rise 3% to 4%, before ...Slow global economic growth this year, 3M lowered earnings estimates for stock
Monday, October 24, 2011
Slow global economic growth this year, 3M lowered earnings estimates for stock
Because foreign imports slow down, especially such as LCD TVs and other electronic products, manufacturing group 3M (MMM-US) on Tuesday cut its earnings forecast for this year. GMT 22:13 3M shares fell $ 4.07, or 4.95%, to $ 78.11. The company now expects earnings per share this year from 5.85 to 5.95 U.S. dollars, the previous estimate of 6.10 to 6.25 U.S. dollars per share. Core sales expected to rise 3% to 4%, before ...Slow global economic growth this year, 3M lowered earnings estimates for stock
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