— 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
Seagate Technology plc (NASDAQ: STX), a leading provider of data storage solutions, Thursday said its earnings declined in the first quarter of 2021, owing to a 10% fall in revenues.
Intel Corporation (NASDAQ: INTC) reported third quarter 2020 earnings results today. Revenue fell 4% year-over-year to $18.3 billion. GAAP net income decreased 29% to $4.3 billion while EPS dropped 25%
AT&T Inc. (NYSE: T) today reported its third quarter financial results for the period ended September 30, 2020. Net income for the third quarter was $2.8 billion, or $0.39 per