MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — General Mills Inc. (GIS) on Wednesday reported fiscal fourth-quarter net income of $614.9 million.
The Minneapolis-based company said it had net income of $1.03 per share. Earnings, adjusted for restructuring costs and non-recurring costs, were $1.12 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.
The maker of Cheerios cereal, Yoplait yogurt and other packaged foods posted revenue of $5.03 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $5.18 billion.
For the year, the company reported profit of $2.59 billion, or $4.31 per share. Revenue was reported as $20.09 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GIS at https://www.zacks.com/ap/GIS
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