Investing.com - General Mills reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
General Mills announced earnings per share of $0.82 on revenue of $4.52B. Analysts polled by Investing.com anticipated EPS of $0.8392 on revenue of $4.45B.
General Mills shares are up 4% from the beginning of the year and are trading at $61.19 , down-from-52-week-high.They are broadly in line with the S&P 500 which is up 4.11% from the start of the year.
General Mills follows other major Consumer/Non-Cyclical sector earnings this month
General Mills's report follows an earnings beat by Anheuser Busch ADR on February 25, who reported EPS of $1.08 on revenue of $12.77B, compared to forecasts EPS of $0.9467 on revenue of $12.65B.
Keurig Dr Pepper had missed expectations on February 25 with fourth quarter EPS of $0.39 on revenue of $3.12B, compared to forecast for EPS of $0.3962 on revenue of $3.03B.
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