3M Company (NYSE:MMM) reported Q1 adjusted earnings of $1.97 per diluted share, down from $2.63 a year earlier.
Analysts polled by Capital IQ expected $1.60.
Sales for the quarter ended March 31 was $8.03 billion, down from $8.83 billion a year earlier.
Analysts polled by Capital IQ expected $7.51 billion.
The company said it expects full year 2023 adjusted earnings to be from $8.50 to $9.00 per diluted share. Analysts polled by Capital IQ expect $8.61.