Investing.com - General Mills (NYSE:GIS) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
General Mills announced earnings per share of $0.84 on revenue of $4.54. Analysts polled by Investing.com anticipated EPS of $0.7841 on revenue of $4.56B.
General Mills shares are down 6% from the beginning of the year, still down 10.39% from its 52 week high of $69.95 set on January 14. They are under-performing the S&P 500 which is down 5.34% from the start of the year.
General Mills follows other major Consumer Staples sector earnings this month
General Mills's report follows an earnings beat by Costco on March 3, who reported EPS of $2.92 on revenue of $51.9B, compared to forecasts EPS of $2.76 on revenue of $51.53B.
Anheuser Busch ADR had beat expectations on February 24 with fourth quarter EPS of $0.9 on revenue of $14.2B, compared to forecast for EPS of $0.7603 on revenue of $13.68B.
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