3M warns of ‘slow growth environment’ in 2024, shares drop

News Snapshot:

The 3M logo is seen at its global headquarters in Maplewood, Minnesota, U.S. on March 4, 2020. REUTERS/Nicholas Pfosi/File Photo Acquire Licensing Rights Sept 13 (Reuters) - U.S. industrial conglomerate 3M Co (MMM.N) on Wednesday warned of "a slow growth environment" in 2024 and forecast weakness in its electronics and consumer segments for the current and following quarter. Shares of the diversified manufacturer fell 5.7% in afternoon trade after the company also said current-quarter sales are expected to come in between $7 billion and $8 billion, compared with its previous guidance of $8 billion, due to a slow recovery in...