MINNEAPOLIS (AP) - General Mills Inc. (GIS) on Wednesday reported fiscal fourth-quarter earnings of $570.2 million.
On a per-share basis, the Minneapolis-based company said it had profit of 94 cents. Earnings, adjusted for one-time gains and costs, came to 83 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.
The maker of Cheerios cereal, Yoplait yogurt and other packaged foods posted revenue of $4.16 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $4.23 billion.
General Mills shares have climbed 38% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 16%. The stock has risen 17% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GIS at https://www.zacks.com/ap/GIS
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