July 25, 2019 / 10:39 AM / 4 months ago

3M profit falls 39% amid lower global sales

July 25 (Reuters) - U.S. manufacturing conglomerate 3M Co on Thursday reported a 39.3% fall in quarterly profit, hurt by a global slowdown in economic growth.

Net income attributable to 3M fell to $1.13 billion, or $1.92 per share, in the second quarter ended June 30, from $1.86 billion, or $3.07 per share, a year earlier.

The maker of Post-it notes and Scotch tape earned $2.20 on an adjusted basis.

Net sales fell 2.6% to $8.2 billion. (Reporting by Ankit Ajmera in Bengaluru; Editing by Maju Samuel)

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