3M cuts profit forecast after sales miss on slowing Asia demand
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(Reuters) - U.S. industrial conglomerate 3M Co fell well short of Wall Street estimates for quarterly revenue and cut its full-year profit forecast on Thursday, adding to signs of U.S. corporations suffering from trade tensions with China.Shares of the Scotch tape and Post-it notes maker fell as much as 3% premarket. The Dow component has lost about 11% so far this year, underperforming a near 14.8% rise for the index. China, a high-growth market for 3M, expanded at its weakest pace in almost..