3M cuts forecast amid flat sales

ST. PAUL, Minn. — 3M Co. scaled back its revenue and earnings for the year for a second time in the face of stagnation in emerging markets, including China. The maker of Scotch tape and Post-It notes anticipates flat revenues for the year, where it has previously foreseen a possible increase of 1%. The strength of the U.S. dollar also negatively impacted the company, which relies on international sales for some two-thirds of its revenues. Profits for the third quarter rose to $1.33 billion, or $2.15 per share, from $1.30 billion, or $2.05 per share, the same time last year.