By Amber Burton
3M Co. (MMM) reported a drop in earnings in the latest quarter and missed analysts' expectations for adjusted profit.
The St. Paul, Minn., manufacturing and technology giant said its fourth-quarter earnings were $969 million, or $1.66 a share, down from $1.35 billion, or $2.27 a share, a year earlier.
Adjusted earnings were $1.95 a share. Analysts polled by FactSet were expecting adjusted earnings of $2.11.
Total revenue was $8.11 billion, up from $7.95 billion a year earlier.
Analysts were expecting sales of about $8.11 billion.
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