Before the market open, the maker of Post-it Notes and Scotch tape lowered its full-year earnings outlook to between $8.15 and $8.20 per share from between $8.15 and $8.30 per share.
Analysts surveyed by FactSet are looking for earnings of $8.21 per share for the year.
For the 2016 third quarter, 3M reported earnings of $2.15 per diluted share, topping analysts' estimates of $2.14 per share.
Revenue of $7.7 billion was in line with analysts' expectations.
Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B.
3M's strengths such as its solid stock price performance, notable return on equity, expanding profit margins, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures outweigh the fact that the company has had sub par growth in net income.
You can view the full analysis from the report here: MMM
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.