USA: General Mills report encouraging Q3 results
US food giant General Mills revealed yesterday (14 March) that Q3 fiscal earnings rose 3%, exceeding analysts' expectations and defying increased debt costs incurred through share buy back schemes and acquisitions. Earnings amounted to US$157.5m, or 54 cents a share, 3% up from the US$153.3m, or 50 cents per share, posted a year previous. The Minneapolis-based company reiterated that it is expecting 10% growth in earnings for the full year.
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