General Mills Profit Drops In Q4

(RTTNews) - General Mills (GIS) revealed earnings for fourth quarter that decreased from the same period last year

The company's earnings totaled $294.0 million, or $0.53 per share. This compares with $557.5 million, or $0.98 per share, last year.

Excluding items, General Mills reported adjusted earnings of $0.74 per share for the period.

The company's revenue for the period fell 3.3% to $4.556 billion from $4.713 billion last year.

General Mills earnings at a glance (GAAP) :

-Earnings: $294.0 Mln. vs. $557.5 Mln. last year. -EPS: $0.53 vs. $0.98 last year. -Revenue: $4.556 Bln vs. $4.713 Bln last year.