Release: SHAREHOLDER ALERT Pomerantz Law Firm Investigates Claims On Behalf of Investors of 3M Company – MMM

Release

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of 3M Company – MMM

3 May 2019

On April 25, 2019, 3M reported its financial and operating results for the first quarter of 2019, which fell significantly short of market expectations. 3M announced a $548 million charge in the quarter to resolve current and future litigation, reflecting a reserve of $235 million for “certain environmental matters and litigation” and an additional $313 million to address current and expected coal mine dust lawsuits in Kentucky and West Virginia. The Company also announced plans to cut 2,000 jobs worldwide as part of a restructuring due to a slower-than-expected 2019, and lowered its full-year earnings guidance to a range of $9.25 to $9.75 per share, compared to its prior outlook of $10.45 to $10.90 per share.

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