RSS General Mills Q2 Profit Increases, Beats Estimates

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 RSS General Mills Q2 Profit Increases, Beats Estimates

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General Mills (GIS) delivered a strong financial performance in the second quarter, with profit figures surpassing both the previous year's results and analysts' expectations.

The company recorded a net income of $795.7 million, translating to earnings of $1.42 per share. This marks a significant increase from the $595.5 million, or $1.02 per share, reported in the same quarter of the previous year.

When excluding certain items, the adjusted earnings stood at $785.2 million, or $1.40 per share for the quarter.

Analysts, as surveyed by Thomson Reuters, had anticipated earnings of $1.22 per share on average, typically excluding any special items.

Moreover, General Mills experienced a 2.0% rise in revenue, totaling $5.240 billion compared to $5.139 billion in the same period last year.

Key Financial Highlights for General Mills (GAAP):

- **Earnings for Q2:** $795.7 million, compared to $595.5 million last year.

- **Earnings Per Share (EPS) for Q2:** $1.42, compared to $1.02 last year.

- **Revenue for Q2:** $5.240 billion, compared to $5.139 billion last year.

The material has been provided by InstaForex Company - www.instaforex.com
 
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