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General Mills boosts earnings with price hikes
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Shares in the company, up 21% so far this year, rose 4.5% in premarket trading Wednesday.
Overall, General Mills reported on Wednesday net sales of $4.19 billion for its fiscal third quarter that ended Feb. 24, up 8% compared with a year earlier and in line with what analysts expected for the period, according to FactSet.
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General Mills reported a profit of $446.8 million, or 74 cents a share, in the quarter, compared with $941.4 million, or $1.62 a share, a year prior, when a nonrecurring income tax benefit increased earnings. Excluding certain costs, the company reported an adjusted profit of 83 cents a share.
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https://www.marketwatch.com/story/genera...2019-03-20
![[Bild: GISc1dl0828.png]](https://finviz.com/publish/032019/GISc1dl0828.png)
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Shares in the company, up 21% so far this year, rose 4.5% in premarket trading Wednesday.
Overall, General Mills reported on Wednesday net sales of $4.19 billion for its fiscal third quarter that ended Feb. 24, up 8% compared with a year earlier and in line with what analysts expected for the period, according to FactSet.
...
General Mills reported a profit of $446.8 million, or 74 cents a share, in the quarter, compared with $941.4 million, or $1.62 a share, a year prior, when a nonrecurring income tax benefit increased earnings. Excluding certain costs, the company reported an adjusted profit of 83 cents a share.
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https://www.marketwatch.com/story/genera...2019-03-20
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