Shares of consumer foods provider General Mills (NYSE:GIS) are on the up move in the pre-market trade today on the back of a robust first-quarter showing.
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Top-line rose 4% over the prior year to $4.7 billion. EPS of the company too jumped 13% over the prior year to $1.11. The figure comfortably beat analysts’ estimates of $1.
Buoyed by the performance, GIS also raised its full-year guidance. It now expects net sales to rise by 6% to 7% versus prior expectations of between 4% and 5% growth. EPS is seen rising between 2% and 5% versus the prior estimate between flat to 3%.
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