3M (MMM) Q2 2020 earnings


3M N95 particulate filtering face mask are seen at a store in East Palo Alto, California, United States on January 26, 2020.

Yichuan Cao | NurPhoto | Getty Images

Industrial conglomerate 3M missed Wall Street estimates for quarterly profit and revenue on Tuesday, hurt by a plunge in demand across its business units due to the economic impact of the coronavirus crisis.

3M is the world’s biggest producer of N95 respirator masks and has seen demand surge as governments globally fought over supplies of protective equipment for health-care and other essential workers.

However, sales of the wide range of office and industrial supplies it churns out have declined as global economic activity sank…

Source cnbc.com

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