3M’s Bleak Outlook Sends Shares Plummeting
Industrial conglomerate 3M forecasts lower-than-expected earnings for the year, citing a challenging macro environment and weak end markets. Industrial conglomerate 3M has delivered a disappointing forecast for its full-year earnings, causing its shares to plummet by approximately 12%. The company attributes the bleak outlook to a muted macro environment and softness in key end markets,…