Summary Box: General Mills 3Q net income rises

AP News
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Posted: Mar 23, 2011 8:04 AM
Summary Box: General Mills 3Q net income rises

THE NUMBERS: General Mills Inc. reported adjusted earnings of 56 cents per share for its fiscal third quarter. Revenue rose 2 percent to $3.65 billion. Analysts expected earnings of 56 cents per share on revenue of $3.7 billion.

SNACK ATTACK: The Minneapolis company said snack division revenue climbed 14 percent. Some of the unit's strongest performers included Nature Valley and Fiber One snack bars.

CEREAL WEAK: The maker of Cheerios and Wheaties said revenue from cereal fell 6 percent because it introduced fewer new products in the quarter.