3M cuts earnings outlook as sales slump

The company blamed "slowing economic growth" as sales of consumer electronics fell. The Financial Times says 3M is a leading indicator of consumer trends.
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The company blamed "slowing economic growth" as sales of consumer electronics fell. The Financial Times says 3M is a leading indicator of consumer trends.

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3M profits go up despite weak electronics sales

St. Paul-based 3M exceeded Wall Street expectations in the first quarter. The company's transportation and industrial products section made up for a softened consumer electronics market. Profits rose more than 4 percent with sales hitting $7.5 billion.

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