3M Stock Slumps On Q4 Earnings Miss, Grim 2023 Profit Outlook

"We expect macroeconomic challenges to persist in 2023," said CEO Mike Roman.

3M Co.  (MMM) - Get Free Report shares slumped lower Tuesday after the industrial group posted weaker-than-expected fourth quarter earnings, while unveiling 2,500 job cuts, while warning of 'persistent' global economic challenges.