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General Mills Q1 adjusted earnings Beat Estimates

General Mills (GIS) revealed a profit for its first quarter that advanced from the same period last year.

The company's bottom line totaled $638.9 million, or $1.03 per share. This compares with $520.6 million, or $0.85 per share, in last year's first quarter.

Excluding items, General Mills reported adjusted earnings of $623.4 million or $1.00 per share for the period.

Analysts had expected the company to earn $0.87 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.0% to $4.36 billion from $4.00 billion last year.

General Mills earnings at a glance:

-Earnings (Q1): $623.4 Mln. vs. $484.4 Mln. last year.
-EPS (Q1): $1.00 vs. $0.79 last year.
-Analysts Estimate: $0.87
-Revenue (Q1): $4.36 Bln vs. $4.00 Bln last year.

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