Industrial conglomerate 3M Co reported a 12per cent drop in quarterly revenue on Tuesday as demand for its products took a hit due to the global economic slowdown caused by the coronavirus crisis.
FILE PHOTO: The 3M logo is seen at its global headquarters in Maplewood, Minnesota, U.S. on March 4, 2020. REUTERS/Nicholas PfosiREUTERS: Industrial conglomerate 3M Co reported a 12per cent drop in quarterly revenue on Tuesday as demand for its products took a hit due to the global economic slowdown caused by the coronavirus crisis.But net income attributable rose to US$1.29 billion, or US$2.22 per share, in the second quarter ended June 30, from US$1.13 billion, or US$1.
On an adjusted basis, the maker of Post-it notes and Scotch tape earned US$1.78 per share in the quarter.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Golf: Michael Thompson wins 3M Open to claim first PGA Tour victory in seven years(REUTERS) - American Michael Thompson won the 3M Open in Blaine, Minnesota on Sunday (July 26) by two strokes to claim his second career PGA Tour victory and his first in seven years.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
End game for oil? OPEC prepares for an age of dwindling demandThe coronavirus crisis may have triggered the long-anticipated tipping point in oil demand and it is focusing minds in OPEC.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US Republicans' COVID-19 aid proposal faces opposition on both sidesUS Senate Republicans on Monday were racing to complete details of a US$1 trillion coronavirus aid package hammered out with the White House that ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Australian PM abandons interstate tour to tackle coronavirus crisisSYDNEY (REUTERS) - Australian Prime Minister Scott Morrison cut short a planned interstate tour to focus on the country's coronavirus crisis on Tuesday (July 28), citing a 'very complex' outbreak in aged care homes in the city of Melbourne.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Australia's payroll jobs fall from mid-June amid second coronavirus waveSYDNEY (REUTERS) - Australian employment fell 1.1 per cent between mid-June and mid-July, weekly data showed on Tuesday (July 28), with the biggest loss coming from the second most populous state of Victoria which is grappling with a fresh wave of coronavirus infections.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Australian PM abandons interstate tour to tackle COVID-19 crisisAustralian Prime Minister Scott Morrison cut short a planned interstate tour to focus on the country's coronavirus crisis on Tuesday, citing a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »