3M slashes 2013 outlook on slipping demand, forex

(Reuters) - Diversified U.S. manufacturer 3M Co slashed its 2013 profit forecast on Thursday, saying weakening demand and foreign currency fees were affecting results more than expected. The lowered outlook came after the company's first-quarter profit and revenue both missed Wall Street's expectations. 3M, which makes a range of products including Post-It notes and films used in television screens, now expects to earn $6.60 to $6.85 per share this year, a range mostly below the $6.82 average analyst estimate, according to Thomson Reuters I/B/E/S. 3M previously had expected to earn $6.70 to ...



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