BUZZ-Cheerios maker General Mills up after quarterly results beat estimates on steady demand

General Mills, Inc. +0.56%

General Mills, Inc.

GIS

37.42

+0.56%

Updates

** Shares of Cheerios maker General Mills GIS.N rise as much as 3.7% at $48.78 in early trading
** Co beats second-quarter sales and profit estimates on the back of steady demand for its pantry staples and breakfast cereals

** Posts quarterly sales of $4.86 billion vs. analysts' estimates of $4.78 billion, as per data compiled by LSEG

** Logs quarterly adjusted profit of $1.10 per share topping estimates of $1.03 per share

** Co maintains annual sales and profit forecasts for the second time this year
** Up to last close, stock down about 26% YTD


(Reporting by Anuja Bharat Mistry in Bengaluru)

((AnujaBharat.Mistry@thomsonreuters.com))

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.