General Mills Q4 Profit Drops 14%

(RTTNews) - General Mills (GIS) announced earnings for fourth quarter that dropped compared to the same period last year.

The company said its bottom line totaled $401.3 million, or $0.66 per share. This was down from $465.1 million, or $0.75 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.60 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 8.6% to $3.93 billion. This was down from $4.30 billion last year.

General Mills earnings at a glance:

-Earnings (Q4): $401.3 Mln. vs. $465.1 Mln. last year. -Earnings Decline (Y-o-Y): -13.7% -EPS (Q4): $0.66 vs. $0.75 last year. -EPS Decline (Y-o-Y): -12.0% -Analysts Estimate: $0.60 -Revenue (Q4): $3.93 Bln vs. $4.30 Bln last year. -Revenue Change (Y-o-Y): -8.6%