Tag Archives: earnings

3M to Cut Jobs as Demand for Its Products Weakens

3M Co. said it is cutting 2,500 manufacturing jobs globally as the company confronts turbulence in overseas markets and weakening consumer demand. The maker of Scotch tape, Post-it Notes and thousands of other industrial and consumer products said Tuesday that it expects lower sales and profit in 2023 after demand …

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Verizon Earnings Guidance For 2023 Misses Estimates

Verizon Communications (VZ) on Tuesday reported fourth-quarter adjusted earnings that met estimates, but its 2023 earnings outlook missed. VZ stock fell amid expectations that more aggressive wireless promotions, mainly smartphone subsidies, will impact 2023 profit. X For the December quarter, Verizon earnings were $1.19 an adjusted share, down 10% from …

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