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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| 3M Company | NYSE:MMM | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 1.02 | 1.02% | 101.10 | 101.67 | 100.15 | 100.16 | 4,203,345 | 01:00:00 |
From May 2022 to May 2024
By Paulo Trevisani
3M Co. said Tuesday that foreign currency translation is expected to have a negative impact on sales and earnings in 2023.
The company said it expects sales to decline 2% to 6% this year, due in part to an unfavorable forex impact of 1% to 2%. It forecast earnings per share between $8.50 and $9, down from $9.88 in 2022, including currency headwinds.
3M reported sales of $8.1 billion in the fourth quarter, down 6% from a year earlier, including a 5% negative forex impact due to a strong dollar. For the full year, sales declined 3% to $34.2 billion, including a 4% forex headwind, the company said.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
(END) Dow Jones Newswires
January 24, 2023 09:15 ET (14:15 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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