You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

market mover

3M says economy tougher than it thought

3M’s many products include Post-it notes and Scotch tape.

Jim Mone/Associated Press

3M’s many products include Post-it notes and Scotch tape.

Continue reading below

Investors were unnerved as 3M Co. cut its profit forecast for the year — to $6.60 to $6.85 per share, down from $6.70 to $6.95 — citing a ‘‘low-growth” environment. “Market conditions were tougher than we expected,’’ said CEO Inge G. Thulin. The company, with $30 billion in sales, 88,000 employees, and operations in 70-plus countries, is considered a window on the economy. A strong dollar hurt revenue (many 3M goods are sold abroad) and profit and sales for electronics fell sharply.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of