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3M lowers its outlook for 2019

Jan 30, 2019 - Star Tribune (Minneapolis, Minnesota)
Mergers and Acquisitions

3M's bottom line for the last three months of 2018 beat investor expectations, even as sales fell slightly and the operating performance of business units seesawed.

Executives on Tuesday lowered their outlook for 2019 for accounting reasons. But they were also more upbeat on operations than some expected, giving a lift to investor sentiment on global economic growth that has soured in recent weeks.

3M shares rose nearly 2 percent on a day when broader measures of the stock market wer...