
(Reuters) – 3M Co., the industrial giant, posted a 4.7% decline in quarterly profit Tuesday. The company’s sales segments in transportation and electronics were affected by supply chain bottlenecks worldwide, increasing raw material costs, and a shortage in semiconductors.
From $1.41 trillion, or 2.41 per share a year prior, 3M’s net income fell to $1.34billion or $2.31 per shares in the fourth quarter that ended December 31.
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