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3M misses profit expectations due to inflation, supply chain issues, and weak demand, sending stock down.
3M Company announced its annual profit will fall short of analyst expectations due to inflation, supply chain issues, and weaker demand in industrial and healthcare markets, despite cost-cutting and pricing efforts.
The company cited ongoing economic uncertainty and did not provide fiscal year guidance, causing its stock to drop after hours.
Investors are watching for signs of recovery in upcoming results.
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3M pierde las expectativas de ganancias debido a la inflación, problemas de la cadena de suministro y la débil demanda, lo que hace que las acciones bajen.