Through TheFLY's Eyes: General Mills

from Theflyonthewall.com












General Mills Posts In-Line Q4 Results

General Mills (GIS) said Q4 EPS totaled $1.14, compared to 61c a year ago, and the Reuters consensus estimate of 61c. The company also Q4 said revenue totaled $2.85B, compared to the Reuters consensus estimate of $2.81B.

Prudential said the report confirms a 63c per share result, after adding-back restructuring expenses. The firm said it was stopping short of upgrading the company, which it currently rates a Neutral, but it called General Mills “one of the better-positioned” companies in its group and said it sees some upside to shares in the next 6-9 months. Prudential’s target for GIS is $55.

General Mills’ shares were down 27c to $51.19 in afternoon trading Thursday.