3M Expects To Record Pre-tax Charge Of $10.3B In Q2 Of 2023 And To Reflect It As An Adjustment In Arriving At Results, Adjusted For Special Items
Portfolio Pulse from Benzinga Newsdesk
3M expects to record a pre-tax charge of $10.3 billion in Q2 of 2023, which will be reflected as an adjustment in arriving at results, adjusted for special items.
June 22, 2023 | 9:05 pm
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3M (MMM) is expected to record a pre-tax charge of $10.3 billion in Q2 of 2023, which will be adjusted for special items in the company's results.
The announcement of a significant pre-tax charge of $10.3 billion in Q2 2023 may negatively impact 3M's stock price in the short term, as investors may perceive this as a sign of financial strain or potential losses. The adjustment for special items may also create uncertainty around the company's financial performance.
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