3M CEO on disappointing earnings: We're getting ahead of the curve in China and weak sectors

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Roman blamed challenges in China as well as in the automotive and electronics sectors for the manufacturing giant's weak first quarter earnings.

The stock is down about 13% off where it closed on Wednesday before the company's earnings call Thursday morning.

Roman blamed challenges in China as well as in the automotive and electronics sectors for the manufacturing giant's The company's guidance for 2019 earnings was also cut to a range of $9.25 to $9.75, from a range that topped out at $10.90.

 

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