3M forecasts 2025 profit in line with expectations
ReutersJan 21, 2025 11:38 AM
Jan 21 (Reuters) - U.S. industrial conglomerate 3M Co MMM.N on Tuesday forecast 2025 adjusted profit largely in line with Wall Street estimates, as the company cut costs amid weak consumer spending on non-essential items.
The St. Paul, Minnesota-based company expects 2025 adjusted profit between $7.60 and $7.90 per share, while analysts expected an adjusted profit of $7.77 per share, according to data compiled by LSEG.
(Reporting by Kannaki Deka in Bengaluru; Editing by Devika Syamnath)
((Kannaki.Deka@thomsonreuters.com;))
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