General Mills Met Q1 Expectations; Adjusted EPS $.64 (GIS)

General Mills GIS said earlier today that results for the first quarter of fiscal 2011 met the company's expectations. Fiscal 2011 First Quarter Financial Summary --Net sales grew 1 percent to $3.53 billion. --Segment operating profit totaled $749 million, down 2 percent from very strong results a year earlier. --Diluted earnings per share (EPS) grew 13 percent to 70 cents per share. --Adjusted diluted EPS, which excludes certain items affecting comparability, totaled 64 cents per share, matching results in last year's first quarter.