Shares of industrial giant 3M tumbled by over 5 percent Tuesday after the company announced lackluster corporate earnings figures that included a drop in year-on-year profits of 28.1 percent amid weak demand from China.
According to 3M’s income statement (pdf) published on Jan. 28, the company’s year-over-year non-adjusted earnings per share (EPS) fell by 26.9 percent. The adjusted EPS fell by 15.6 percent.
