General Mills reported higher-than-expected quarterly earnings on Wednesday, but lifted its full-year forecast only slightly, citing higher costs.
General Mills shares were lower in pre-market trading after the announcement. (Click here to track the company's shares before the opening bell.)
The maker of Cheerios cereal and Progresso soups said it expected earnings in the current fourth quarter to be lower than a year earlier, hurt by increased spending for in-store merchandising.
The company also expects a 3 percent rise in costs for fuel and ingredients such as grain.