General Mills headquarters, Golden Valley, Minn., July 2019.
iStock.com/Melissa Kopka
MINNEAPOLIS (AP) — General Mills Inc. on Wednesday reported fiscal third-quarter net income of $670.1 million.
The Minnesota-based company said it had net income of $1.17 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.
The maker of Cheerios cereal, Yoplait yogurt and other packaged foods posted revenue of $5.1 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $4.95 billion.
Share of the company were up up 80 cents to $69.43 in Wednesday trading.
