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General Mills (GIS) Q4 Earnings Beat Estimates, Sales up Y/Y
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The company’s adjusted earnings per share of $1.10 increased 33% year over year on a constant-currency (cc) basis. Moreover, the bottom line beat the Zacks Consensus Estimate of $1.06 per share. The uptick can be attributed to improved adjusted operating profit as well as higher after-tax earnings from joint ventures. Reduced adjusted effective tax rate also contributed to the upside.
Net sales of $5,023 million increased 21% year over year and surpassed the Zacks Consensus Estimate of $4,978 million.
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https://finance.yahoo.com/news/general-m...02587.html
![[Bild: GISc1dl0710.png]](https://finviz.com/publish/070220/GISc1dl0710.png)
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The company’s adjusted earnings per share of $1.10 increased 33% year over year on a constant-currency (cc) basis. Moreover, the bottom line beat the Zacks Consensus Estimate of $1.06 per share. The uptick can be attributed to improved adjusted operating profit as well as higher after-tax earnings from joint ventures. Reduced adjusted effective tax rate also contributed to the upside.
Net sales of $5,023 million increased 21% year over year and surpassed the Zacks Consensus Estimate of $4,978 million.
...
https://finance.yahoo.com/news/general-m...02587.html
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