General Mills Inc. (GIS) announced Friday morning that it now expects to report third quarter adjusted EPS of $0.54 to $0.56, compared to the $0.56 reported in the prior year period. The company also reduced its full year 2012 adjusted EPS forecast to between $2.53 and $2.55, from prior expectations of $2.59 to $2.61. The consensus estimates are for EPS of $0.60 and $2.60 respectively.
General Mills gapped open lower Friday and declined during the first half of the morning. The stock closed down by 1.44 at $38.34, with volume at nearly a 5-month high. General Mills dropped to over a 2 1/2 month low and fell below its 200-day moving average.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.