MAPLEWOOD, MN — JanSan manufacturer 3M saw a 37 percent sales decrease in the fiscal fourth quarter, according to an Associated Press story hosted by Forbes.com.
Net income for the quarter fell to $536 million or 77 cents per share compared to $851 million or $1.17 per share in the year ago quarter, the story stated.
The global economic slowdown is blamed for the poor fourth-quarter growth, the story noted.
Total earnings for 2008 were $3.5 billion or $4.89 per share, the story added.
Monday, February 16, 2009
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