General Mills Q2 Profit Beats Estimates

(RTTNews) - General Mills (GIS) announced a profit for second quarter that beat the Street estimates.

The company's earnings totaled $595.5 million, or $1.02 per share. This compares with $605.9 million, or $1.01 per share, in last year's second quarter.

Excluding items, General Mills reported adjusted earnings of $1.25 per share for the period.

Analysts on average had expected the company to earn $1.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.5% to $5.14 billion from $5.22 billion last year.

General Mills earnings at a glance (GAAP) :

-Earnings (Q2): $595.5 Mln. vs. $605.9 Mln. last year. -EPS (Q2): $1.02 vs. $1.01 last year. -Analyst Estimates: $1.15 -Revenue (Q2): $5.14 Bln vs. $5.22 Bln last year.