3M Stock Sinks as Profit Forecast Disappoints
3M3M(US:MMM) Schaeffers Investment Research·2026-01-20 23:15

3M Co (NYSE:3M) stock is slipping today, despite the blue-chip conglomerate's adjusted fourth-quarter earnings of 1.83pershareon1.83 per share on 6.1 billion in revenue, both of which topped analyst expectations. Instead, 2026 profit expectations falling short of estimates is weighing on the shares. A broad-market selloff isn't helping either, with MMM last seen down 3.8% at 161.43.ThestockhasbeenrangeboundsinceaDec.3 threeyearpeak of161.43.The stock has been rangebound since a Dec. 3 three-year peak of 174.69. Sharper pullbacks have been contained by the shares' 126-day movi ...