3M reports Q4 sales fall 11 percent

(Reuters) - 3M Co (MMM.N) reports fourth-quarter earnings of $0.77 per share after sales fell 11.2 percent to $5.5 billion and now planning for organic sales volumes to decline between 5 percent and 9 percent in 2009.

Highlights:

* Q4 earnings per share $0.97 excluding items

* Sees FY 2009 earnings per share $4.30 to $4.70

* Says plan to reduce capital expenditures by about 30 percent

* Says adjusted its 2009 sales and earnings expectations

* Says 2009 previous earnings per share view was $4.50 to $4.95

* Reuters Estimates Q4 earnings per share view $0.93, revenue view $5,559.03 million

* Reuters Estimates FY 2009 earnings per share view $4.45, revenue view $22,707.69 million