3M (MMM) released its quarterly revenue recently, reporting a 12% drop in revenue for the quarter ending June 30 as demand for its products dropped due to the global economic slowdown caused by the coronavirus pandemic. Net sales dropped to $7.2 billion from $8.2 billion. Net income increased to $1.29 billion in comparison to $1.13 billion a year earlier. The company earned $1.78 per share in the quarter on an adjusted basis.
3M (MMM) is a global science company that seems to never stop inventing. Using 46 technology platforms, their integrated team of scientists and researchers works with customers to create breakthroughs. Their inventions have improved daily life for hundreds of millions of people all over the world. With $30 billion in sales, 90,000 employees connect with customers all around the world. Scientists, researchers, and marketers work across countries and across subjects to solve challenges big and small. To learn more about 3M (MMM) and to track its ongoing progress please visit the Vista Partners 3M (MMM), Coverage Page.
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