3M cuts 2019 profit outlook on weak China, shares fall 11 percent

April 25, 2019 by  
Filed under News

Shares of 3M Co fell 11 percent on Thursday after the U.S. manufacturing conglomerate cut its 2019 earnings forecast and said it would lay off 2,000 workers, citing worsening performance in high-growth markets such as China.

Source: Reuters Business News

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