Markets

3M Euphemistically Touts Exciting ‘Transformation Journey’ As Shares Slide On Job Cuts, Forecast Miss

"As a result of these actions, 3M initiated a restructuring that will reduce approximately 1,500 positions".

"As a result of these actions, 3M initiated a restructuring that will reduce approximately 1,500 positions".
This content has been archived. Log in or Subscribe for full access to thousands of archived articles.

1 comment on “3M Euphemistically Touts Exciting ‘Transformation Journey’ As Shares Slide On Job Cuts, Forecast Miss

  1. Anonymous says:

    This is kind of emblematic of the issues many businesses are having. Look at SP500 over the past year. Look at NIPA profits over the past 5 years. Look at how many companies in the Russell 2000 that are unprofitable. I realize there are some apples and oranges here but strip out the corp tax cuts, lower rates, buyback impacts and results are not all that stellar.

    And SP500 earnings are up about 65% in 12 years (excl the recent corp tax cut) but stocks are up over 110%?

    Better hope rates stay low and the supply/demand picture stays healthy because fundamentals for corps (in general) are not great.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Skip to toolbar