dChan - Q Origins Project Archive

3M Trims Its 2019 Earnings Guidance, but Don't Blame China

With bellwethers like Caterpillar and NVIDIA fumbling on earnings thanks to China, investors in 3M (NYSE:MMM) were getting increasingly jittery about what to expect from the industrial conglomerate's fourth-quarter earnings report, considering that 3M derived 10% of sales from China/Hong Kong in 2017. 3M confirmed some of the market's fears when it downgraded the lower end of its organic sales growth guidance for fiscal 2019 by a percentage point to 1% on Jan. 29, citing weak demand from China.

https://www.fool.com/investing/2019/01/30/3m-trims-its-2019-earnings-guidance-but-dont-blame.aspx

https://www.secform4.com/insider-trading/66740.htm

>>4989099

I get that. Those plans are also able to be amended at will. You would think they would have changed that for the announcement they knew they had coming. They did not so it is what it is.

>>4989240

>>4989219

There was a huge port planned south of ensenada a few years back. It never came off but was supposed to be connected to Yuma via rail system. Supposed to be bigger than Long Beach

Punta Colonet project on hold by Mexico

Mexico has suspended bidding on development of a deep-water shipping port on the Baja California coast that would be linked with by proposed rail line with Yuma.

Mexico’s Ministry of Communications and Transportation said in a recently published announcement it was canceling bidding on the Punta Colonet project amid a drop in maritime commerce stemming

https://www.longshoreshippingnews.com/tag/punta-colonet/