Skip navigation
Watchlist Sponsored By :

As of Friday, November 13th:
The blended earnings growth rate for the S&P 500 for Q3 2009, combining actual numbers for companies that have reported, and estimates for companies yet to report rose to -13.8% from -13.9% in the previous day.
As of October 1st, the earnings growth rate was at -24.7%.Of the 463 S&P 500 companies who have reported Q3, 80% beat estimates, 6% were in-line, and 14% were below estimates.  The blended earnings growth rate for the S&P 500 for Q3 2009 is currently at -13.8%. (Data provided by Thomson Reuters)

LATEST EARNINGS RESULTS


Current DateTime: 02:35:45 16 Nov 2009
LinksList Documentid: 29017166
Expiration DateTime: 11/16/2009 2:36:26 PM

Current DateTime: 02:35:46 16 Nov 2009
LinksList Documentid: 24355697

FEATURED QUIZZES


Current DateTime: 02:35:46 16 Nov 2009
LinksList Documentid: 33793611
  • How Much Do You Know About Green?

      Green has become part of our everyday lives. Green is everywhere-- energy, clothing, food, housing, transportation. It's a big business and a global business.

  • The Billionaire BFF's

      Philanthropists. Bridge partners. Hockey players. Which responses are based on facts from Buffett's and Gates' real lives?

  • The Many Myths of Coca-Cola

      Can you tell which statements are true, and which ones are just rumors?


Current DateTime: 02:35:46 16 Nov 2009
LinksList Documentid: 24890560
  • Winterizing Your Portfolio

      If 2009 was the winter of our discontent, will 2010 be a winter wonderland for investors? A lot depends on the recovery—or lack thereof.

  • Investor's Guide to Real Estate

      Some even say the long-awaited recovery is here. Regardless, buyers and sellers alike can profit from our guide.

  • Alternative Investing

      Stocks and bonds? Sure. But it's a big world out there for investors.

powered by digg
General Mills Profit Rises, Helped by Cost Cuts
By: Reuters | 19 Mar 2008 | 07:22 AM ET
Text Size

General Mills Wednesday posted a 60.8 percent rise in net quarterly profit as cost-cutting measures and higher sales helped offset soaring prices for wheat and other commodities.

The maker of Cheerios cereal, Progresso soup and Yoplait yogurt said net profit was $430 million, or $1.23 a share, in the fiscal third quarter that ended Feb. 24, compared with $267.5 million, or 74 cents share, a year earlier.

Excluding one-time items, earnings were 87 cents a share.

Like most food companies, General Mills [GIS  Loading...      ()   ] has been hit by commodity costs that have risen well above expectations. One way the company has dealt with rising costs has been to reduce the size of its cereal boxes, effectively raising the price per ounce.

Sales rose 11.5 percent to $3.4 billion.

The company also reiterated its forecast for fiscal year 2008. In February, General Mills raised its forecast to $3.45 to $3.47 a share, excluding special items.

Copyright 2009 Reuters. Click for restrictions.
Tools:
Print EmailAdd This share icon

Current DateTime: 02:35:47 16 Nov 2009
LinksList Documentid: 29016957
Expiration DateTime: 11/16/2009 2:36:57 PM

Current DateTime: 02:35:47 16 Nov 2009
LinksList Documentid: 29017287
Expiration DateTime: 11/16/2009 2:36:27 PM


Current DateTime: 01:12:16 16 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 10:28:53 16 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 01:49:44 16 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 10:42:55 16 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters