MMM lowers FY15 guidance

** charts after guidance **

 

 

** charts before guidance **

 

MMM lowers FY15 guidance ahead of outlook conference call; issues FY16 guidance :

• Co issues downside guidance for FY15 (Dec), sees EPS of $7.55 vs. $7.65 Capital IQ Consensus Estimate, down from prior guidance range of $7.60-7.65. Now expects 2015 full-year organic growth of approximately 1%, versus prior guidance of 1.5-2%.
• Co issues guidance for FY16 (Dec), sees EPS of $8.10-8.45 vs. $8.42 Capital IQ Consensus Estimate. Sees organic local-currency sales growth of 1-3%.
• Co cites "the realities of a continued slow-growth global economy."