UPDATE: General Mills Posts Rise In Q3 Net Profit

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.