General Mills Earnings Fall 13% In Q1

(RTTNews) - General Mills (GIS) revealed a profit for first quarter that fell from last year.

The company said its earnings fell to $416.0 million, or $0.71 per share. This was lower than $476.6 million, or $0.78 per share, in last year's first quarter.

Analysts had expected the company to earn $0.76 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.6% to $3.77 billion. This was down from $3.91 billion last year.

General Mills earnings at a glance:

-Earnings (Q1): $416.0 Mln. vs. $476.6 Mln. last year. -Earnings Decline (Y-o-Y): -12.7% -EPS (Q1): $0.71 vs. $0.78 last year. -EPS Decline (Y-o-Y): -9.0% -Analysts Estimate: $0.76 -Revenue (Q1): $3.77 Bln vs. $3.91 Bln last year. -Revenue Change (Y-o-Y): -3.6%