Why General Mills Shares Are Trading Higher Today

General Mills Inc GIS shares are trading higher Wednesday after the company reported better-than-expected earnings results and raised guidance.

General Mills said fiscal 2022 third-quarter revenue "essentially matched" revenue from the prior year's quarter. The company reported $4.54 billion in quarterly revenue, which came in below the $4.56 billion estimate.

General Mills reported quarterly adjusted earnings of 84 cents per share, which beat the estimate of 78 cents per share.

The company raised its full fiscal-year 2022 organic net revenue growth guidance from a range of 4% to 5% to approximately 5%.

See Also: 32 Stocks Moving in Wednesday's Pre-Market Session

GIS 52-Week Range: $56.67 - $69.95

The stock was up 3.19% at $64.68 at time of publication.

Photo: PublicDomainPictures from Pixabay.

Market News and Data brought to you by Benzinga APIs
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceMoversTrading Ideaswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!