General Mills shares rose 2.9% in pre-conference trading after the announcement of third quarter earnings, which exceeded estimates, here proceeded to upgrade estimates.
The food company reported net income of $ 660.3 million, or $ 1.08 per share, up from $ 595.7 million, or 96 cents a share, a year ago.
Adjusted earnings per share of 84 cents were higher than estimates for 78 cents.
Sales of $ 4.538 billion exceeded $ 4.520 billion last year, and were higher than estimated at $ 4.545 billion.
General Mills has upgraded estimates for the full year and now expects sales to increase by 5%, from 4% -5%.
Converging estimates are pushing for sales of $ 18.804 billion, up 3.7%.
Source: Capital
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