Minnesota Mining & Manufacturing
said Wednesday that its fourth-quarter earnings were in line with the numbers announced last week, which fell short of Wall Street's expectations.
The company, a component of the
Dow Jones Industrial Average
, confirmed earnings of $477 million, or $1.12 a share, up from $444 million, or $1.10 a share, in the year-ago period.
Last week, the company said it wouldn't meet the
First Call/Thomson Financial
consensus estimate of $1.20 a share because of the slowing economy.
Shares of the diversified technology company, which is based in St. Paul, Minn., lost $2, or 1.8%, to $109 in recent
New York Stock Exchange