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3M says inflation has seen a 'little moderation,' while smartphone demand has been soft

Por: MarketWatch Business October 25, 2022

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3M’s stock slipped 0.5% in afternoon trading but pared earlier intraday losses of as much as 4.4%. It has dropped 12.2% over the past three months, while the Dow Jones Industrial Average has eased 0.6%. In the post-earnings conference call with analysts, the company had a lot to say about what it’s seeing in terms of inflation and consumer demand: Inflation Chief Financial Officer and Transformation Officer Monish Patolawala said inflation... + full article



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