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"Economic Barometer" 3M Company maintains earnings expectations while warning of tariff risks.
Jin10 data April 22 news, American industrial group 3M maintains its full-year performance guidance while acknowledging that the ongoing trade war has brought new risks. On Tuesday, the company stated in its first-quarter earnings announcement that tariffs could have a negative impact of up to 40 cents per share on full-year earnings. However, 3M maintained its expectation of adjusted earnings per share of $7.60 to $7.90 for 2025. 3M is considered a barometer of the economy because it has thousands of consumer and industrial products, allowing it to have broad exposure to various sectors of the economy. After the earnings announcement, 3M (MMM.N) initially fell 2% in pre-market trading but then reversed the decline, now rising nearly 3%.