General Mills Shares Up 3% on Q3 Beat & Raised Guidance
<p><a href='https://financialmodelingprep.com/financial-summary/GIS'>General Mills, Inc. (NYSE: GIS) </a>shares were trading more than 3% higher Thursday afternoon following the company’s reported Q3 results, with EPS of $0.84 coming in better than the consensus estimate of $0.79. Revenue was $4.5 billion, slightly lower than the consensus of $4.56. </p>
<p>However, more important than the beat was the company's full-year guidance raise (beyond what was expected exiting Q2). Such an upgraded outlook underscores the company’s advantaged momentum, execution, and global positioning versus peers - above and beyond the faster-than-expected supply recovery in the final weeks of Q3.</p>
<p>Despite strong results and raised guidance, analysts at Deutsche Bank believe questions about business trajectory and cost inflation into fiscal 2023 will likely persist.</p>

NYSE:, GIS