General Mills Q4 Profit Increases, beats estimates

General Mills (GIS) announced a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $822.8 million, or $1.35 per share. This compares with $416.8 million, or $0.68 per share, in last year's fourth quarter.

Excluding items, General Mills reported adjusted earnings of $1.12 per share for the period.

Analysts on average had expected the company to earn $1.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.2% to $4.89 billion from $4.52 billion last year.

General Mills earnings at a glance (GAAP) :

-Earnings (Q4): $822.8 Mln. vs. $416.8 Mln. last year.
-EPS (Q4): $1.35 vs. $0.68 last year.
-Analyst Estimate: $1.01
-Revenue (Q4): $4.89 Bln vs. $4.52 Bln last year.

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