— General Mills (NYSE: GIS) reported adjusted earnings of $0.95 per share for the second quarter of 2020, vs. $0.88 per share expected.
— Net earnings attributable to the company surged to $581 million or $0.95 per share from $343 million or $0.57 per share last year
— At $4.4 billion, net sales were unchanged from last year, vs. $4.43 billion expected; organic net sales increased 1%
— Gross margin rose by 130 basis points to 35.5%; adjusted gross margin moved up 80 basis points
— Expects full-year 2020 organic net sales to grow in the 1-2% range; sees adjusted operating profit rising between 2% and 4%
— Expects adjusted earnings to increase in the range of 3% to 5%; looking for free cash flow conversion of at least 105% of adjusted after-tax earnings
Most Popular
PM Earnings: Key quarterly highlights from Philip Morris Q3 financial results
Philip Morris International Inc. (NYSE: PM) reported Third-quarter 2021 earnings results today. Net revenues increased 9% year-over-year to $8.1 billion. The reported net income amounted to $2.42 billion compared to
Halliburton stock slips on weaker-than-expected Q3 results
Halliburton (NYSE: HAL) reported third-quarter 2021 financial results before the regular market hours on Tuesday. The company reported Q3 revenue of $3.9 billion, up 30% year-over-year and lower than the
Johnson & Johnson (JNJ) reports Q3 2021 earnings
Johnson & Johnson (NYSE: JNJ) reported third-quarter 2021 financial results before the regular market hours on Tuesday. The pharmaceutical giant reported revenue of $23.3 billion, up 10.7% year-over-year, with operational
