(Reuters) -U.S. industrial conglomerate 3M Co forecast on Tuesday full-year earnings below analysts’ estimate, sending its shares down 5.3% in premarket trading.
It forecast 2024 profit between $9.35 and $9.75 per share, compared with analysts’ average estimate of $9.81, according to LSEG data.
The St. Paul, Minnesota-based company also reported an adjusted profit of $2.42 per share for the fourth quarter, compared with $2.18 per share a year earlier.
(Reporting by Kannaki Deka in Bengaluru; Editing by Shinjini Ganguli)
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