3M Beats Estimates, but Sales in Two of Its Three Units Dropped

Key Takeaways3M posted better-than-expected results Tuesday, but sales were down in two of its three divisions.Revenue declined at the company's Transportation and Electronics and Consumer divisions.3M's sales were hurt by a drop in global demand for vehicles and consumers cutting back on spending, the company said. Shares of 3M (MMM) lost ground Tuesday as two of the diversified products maker’s units posted sales declines. The maker of Post-it notes and Scotch Tape reported third-quarter earnings from con ...