3M warned of a “slow growth environment” for next year and guided for weakness in its electronics and consumer units for the current and following quarter, Reuters’ Kannaki Deka reports. The company said current-quarter revenue is expected to come in between $7B-$8B, compared with its previous view of $8B, amid a slow recovery in China, the author notes. “The consumer has shifted spending from discretionary to staples and other experimental activities,” 3M CFO Monish Patolawala said. “Based on China and FX, we are a little down from where we said.”
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