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Post-it notes maker 3M's quarterly sales fall 5.5 percent
January 26, 2016 / 12:43 PM / 2 years ago

Post-it notes maker 3M's quarterly sales fall 5.5 percent

Jan 26 (Reuters) - 3M Co, the maker of Scotch tape and Post-it notes, reported a 5.5 percent decline in fourth-quarter net sales, hurt by a global economic slowdown.

Net sales fell to $7.30 billion in the fourth quarter ended Dec. 31, from $7.72 billion, a year earlier.

Net income attributable to the company fell to $1.04 billion, or $1.66 per share, from $1.18 billion, or $1.81 per share, a year ago.

Excluding restructuring charges, 3M earned $1.80 per share.

The company affirmed its 2016 sales and earnings forecast. (Reporting by Ankit Ajmera in Bengaluru; Editing by Shounak Dasgupta)

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