MINNEAPOLIS — General Mills Inc. today reported fiscal third-quarter net income of $595.7 million.
On a per-share basis, the company said it had net income of 96 cents. Earnings, adjusted for non-recurring gains, came to 82 cents per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share.
The maker of Cheerios cereal, Yoplait yogurt and other packaged foods posted revenue of $4.52 billion in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $4.46 billion.
General Mills shares have increased 4% since the beginning of the year, while the S&P’s 500 index has climbed 4%. The stock has increased 29% in the past 12 months.