General Mills GIS reported a rise in its fiscal third-quarter profit.
General Mills' quarterly profit surged to $410.6 million, or $0.64 per share, versus a year-ago profit of $398.4 million, or $0.60 per share. Its adjusted profit came in at $0.62 per share.
Its net sales slipped 1.2% to $4.38 billion. However, analysts were estimating earnings of $0.62 per share on sales of $4.40 billion.
General Mills shares closed at $50.71 yesterday.
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