General Mills Inc. (GIS) reported third quarter adjusted EPS of $0.64 Wednesday morning, which topped the consensus estimate of $0.57. The company also increased its full year 2013 adjusted EPS forecast to between $2.66 and $2.68, from prior expectations of $2.65 to $2.67. The consensus estimate is for EPS of $2.68.
General Mills spiked to the upside in early trade Wednesday, but settled into a range for the majority of the session. Shares finished up by 1.19 at $47.61 on above average volume. The stock broke out of a 3-week range and set a new high for the year.
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