General Mills Q1 Profit Increases, beats estimates

General Mills (GIS) revealed earnings for its first quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $820.0 million, or $1.35 per share. This compares with $627.0M, or $1.02 per share, in last year's first quarter.

Excluding items, General Mills reported adjusted earnings of $1.11 per share for the period.

Analysts on average had expected the company to earn $1.00 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.0% to $4.72 billion from $4.54 billion last year.

General Mills earnings at a glance (GAAP) :

-Earnings (Q1): $820.0 Mln. vs. $627.0M. last year.
-EPS (Q1): $1.35 vs. $1.02 last year.
-Analyst Estimate: $1.00
-Revenue (Q1): $4.72 Bln vs. $4.54 Bln last year.

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