General Mills (NYSE: GIS) reported first-quarter 2020 financial results before the opening bell on Wednesday. The company reported a 9% increase in Q1 revenues to $4.36 billion, beating the Wall Street consensus. Adjusted earnings of $1 per share was also better than what analysts had anticipated.
GIS shares rose 2.6% immediately following the announcement. The stock has jumped 11% since the beginning of this year.
CEO Jeff Harmening said, “In an uncertain environment, our job is to stay focused on what we can control. We are positioned to compete and win in our categories this year, regardless of the level of demand. And we’ll do that while driving efficiency, reducing our debt leverage, and investing for long-term success.”
Aviation giant United Airlines Holdings, Inc. (NYSE: UAL) reported a narrower net loss for the fourth quarter of 2021 as the company's revenues more than doubled during the period. The
Microsoft (MSFT), Activision (ATVI), Take-Two (TTWO), Zynga (ZNGA): Get ready for a new era in gaming
Over the past two weeks, the gaming industry has witnessed some key developments, namely the Microsoft-Activision and Take-Two Interactive-Zynga deals. These are major transactions that could herald a new era
Bank of America (NYSE: BAC) reported fourth-quarter 2021 financial results before the regular market hours on Wednesday. The banking giant reported Q4 revenue of $22.17 million, up 10% year-over-year, but