3M quarterly adjusted profit falls as mask demand slumps -Breaking
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© Reuters. On March 4, 2020, the 3M logo can be seen at its Maplewood headquarters, Minnesota. U.S. government has contracted 3M to manufacture extra masks to address the nation’s new coronavirus strain. Picture taken March 4, 20(Reuters) – 3M Co Inc reported a decline in its quarterly adjusted profits on Tuesday due to waning sales of disposable N95 Masks.
From $2.95 in the previous year, adjusted earnings per share dropped to $2.65 during the first quarter.
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