General Mills Reports Q3 EPS of $0.56 vs. $0.56; Revenues $3.56B vs. $3.69B

General Mills GIS today reported results for the third quarter of fiscal 2011. Net sales grew 2 percent to $3.65 billion Diluted earnings per share grew at a double-digit rate to reach 59 cents, including a benefit from mark-to-market valuation of certain commodity positions. Adjusted diluted earnings per share, excluding mark-to-market effects in both years, totaled 56 cents, up 14 percent from 49 cents in last year's third quarter.