3M stock rises after earnings beat, plans for 6,000 more layoffs

Shares of 3M Co. MMM were moving about 2% higher in premarket trading Tuesday after the company saw its profit for the latest quarter fall but top expectations. 3M also announced a restructuring that comes with 6,000 more job cuts. The company generated net income of $976 million, or $1.76 a share, compared with $1.30 billion, or $2.26 a share, in the year-before quarter. On an adjusted basis, 3M logged $1.97 in earnings per share, compared with $2.63 a year before, while analysts tracked by FactSet were modeling $1.58. Revenue slipped to $8.03 billion from $8.83 billion, while analysts were looking for $7.49 billion….