3M earnings, revenue badly miss; slashes 2019 outlook and announces 2,000 job cuts

3M on Thursday reported first-quarter earnings and revenue that badly missed analysts' expectations and cut its full-year forecast.

The maker of Post-Its and Scotch tape also announced plans to cut 2,000 positions worldwide.

Shares of 3M tumbled nearly 8% in premarket trading following the announcement.

This story is developing. Please check back for updates.

Let's block ads! (Why?)

from Top News & Analysis https://cnb.cx/2ZxWQHN
via IFTTT