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3M’s Sales Down 2.6% in Second Quarter

3M (NYSE: MMM), St. Paul, Minnesota, reported second-quarter sales of $8.2 billion, down 2.6% compared to the second quarter of 2018. Net income was $1.1 billion, down 39.3% compared to a year ago. Organic local-currency sales declined 0.9% year-on-year.

For the first six months sales fell 3.8% to $16 million. Profit fell 17.9% to $2 billion.

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