26.06.2024 13:05:18 - dpa-AFX: General Mills Q4 Profit Decreases, But Beats Estimates

WASHINGTON (dpa-AFX) - General Mills (GIS) released earnings for fourth
quarter that decreased from the same period last year but beat the Street
estimates.

The company's earnings totaled $557.5 million, or $0.98 per share. This
compares with $614.9 million, or $1.03 per share, in last year's fourth quarter.

Excluding items, General Mills reported adjusted earnings of $1.01 per share for
the period.

Analysts on average had expected the company to earn $0.99 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 6.4% to $4.71 billion from $5.03
billion last year.

General Mills earnings at a glance (GAAP) :

-Earnings (Q4): $557.5 Mln. vs. $614.9 Mln. last year.
-EPS (Q4): $0.98 vs. $1.03 last year.
-Revenue (Q4): $4.71 Bln vs. $5.03 Bln last year.


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
GENL MILLS DL -,10 853862 Frankfurt 57,920 11.07.24 08:01:35 -0,080 -0,14% 0,000 0,000 57,820 57,900

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