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3M Getting Crushed—Down 7% on Outlook

Peter Neil
3M Getting Crushed—Down 7% on Outlook

Revenue growth was driven by organic growth of 2.8%, an acquisition after adjusting to divestitures contributed 0.7%, and favorable foreign currency helped 4.2%. 3M reported adjusted earnings per share of $2.50, which is more or less on the expected lines of the range between $2.50 and $2.51. Plus, as the company reported earlier, 3M settled a lawsuit with the State of Minnesota for $897 million that translates into $1.16 per share.