Investing.com - General Mills reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
General Mills announced earnings per share of $0.99 on revenue of $4.54B. Analysts polled by Investing.com anticipated EPS of $0.8913 on revenue of $4.3B.
General Mills shares are down 1% from the beginning of the year and are trading at $58.01 , down-from-52-week-high.They are under-performing the S&P 500 which is up 15.92% 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 Brown Forman A on September 1, who reported EPS of $0.4 on revenue of $906M, compared to forecasts EPS of $0.3897 on revenue of $830.95M.
Coca-Cola European had missed expectations on September 2 with second quarter EPS of $0.68 on revenue of $3.88B, compared to forecast for EPS of $0.76 on revenue of $3.17B.
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