Diversified U.S. manufacturer 3M Co
The maker of products ranging from Scotch tape to optical films for liquid crystal displays said it expects full-year earnings to come to $3.90 to $4.30 per share, down from a prior forecast of $4.30 to $4.70.
It said on Friday that net income for the first quarter came to $518 million, or 74 cents per diluted share, down from $988 million or $1.38 cents a share, a year earlier.
The St. Paul, Minnesota, company is a bellwether of the U.S. economy because of its geographic reach and broad lineup of products.
Its shares fell 2.5 percent to $52.87 in pre-market trading.
(Reporting by Scott Malone; Editing by Derek Caney)