Investing.com - General Mills reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
General Mills announced earnings per share of $0.99 on revenue of $5.02B. Analysts polled by Investing.com anticipated EPS of $1.05 on revenue of $4.83B.
General Mills shares are up 15% from the beginning of the year and are trading at $67.79 , down-from-52-week-high.They are under-performing the S&P 500 which is up 21.62% from the start of the year.
General Mills follows other major Consumer Staples sector earnings this month
General Mills's report follows an earnings beat by Costco on December 9, who reported EPS of $2.97 on revenue of $50.36B, compared to forecasts EPS of $2.62 on revenue of $49.65B.
Alimentation Couchen A had missed expectations on November 23 with second quarter EPS of $0.65 on revenue of $14.22B, compared to forecast for EPS of $0.667 on revenue of $13.91B.
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