U.S. packaged foods group General Mills Inc estimated quarterly earnings below analysts' expectations due to lower sales volumes and increased marketing spending in its U.S. yogurt business. The company, known for its Yoplait yogurt, Cheerios cereal and Haagen-Dazs ice cream, said it expects adjusted earnings of 61-62 cents per share for the third quarter.
General Mills, Inc. (General Mills) is a manufacturer and marketer of branded consumer foods sold through retail stores. Shares of GIS fell by 0.66% or $-0.34/share to $51.01. In the past year, the shares have traded as low as $45.93 and as high as $53.07. On average, 3208380 shares of GIS exchange hands on a given day and today's volume is recorded at 3742468.
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