3M (NYSE:MMM) posted fourth-quarter results today that matched the revenue consensus forecast on Wall Street but significantly missed on earnings — with the company announcing plans to cut 1,500 jobs amid a reorganization.
3M Healthcare Q4 sales were up 25.4% year-over-year.
The Maplewood, Minn.–based company reported profits of $969 million, or $1.66 per share, on sales of $8.1 billion for the three months ended Dec. 31, 2019.