Stock Track | 3M Plunges 5.18% in Pre-Market Amid Broader Market Selloff and Earnings Decline

Stock Track

01/20

3M's stock (MMM) experienced a significant pre-market plunge of 5.18%, as the broader market faced a selloff triggered by geopolitical tensions and the company reported a 20% decline in Q4 GAAP earnings per share.

The drop in 3M's stock price was exacerbated by President Donald Trump's announcement of tariffs on eight European countries, which led to a risk-off sentiment across global markets. Despite 3M's adjusted earnings per share of $1.83 beating analysts' estimates, the GAAP EPS of $1.07 reflected a 20% year-over-year decline, contributing to investor concerns.

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