3M’s stock leads the Dow’s losers as profit warning trumps earnings beat
October 24, 2019 at 14:00 PM EDT
Shares of 3M Co. took a dive Thursday, after the diversified consumer, industrial and health care products maker beat third-quarter profit expectations but missed on revenue and lowered its earnings outlook, citing “challenging” macroeconomic conditions, including slowdowns in the U.S. and China.