General Mills Share Price Drops Today – Earnings Report Anticipated Today

By Tina Brown on September 21, 2010
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Digital News Report – General Mills, Inc. (NYSE:GIS) is expected to release their earnings report before the market opens on Wednesday.

The company share price fell 50 cents to (-1.38%) to $35.67. The share price continued to fall in after-hours trading. As of this writing the price dropped another $0.17 (-0.48%) to $35.50.

Beginning in 1856, General Mills began manufacturing consumer foods. Today the company is worth over $23 billion (market cap). Specializing in cereals ready to eat, the company manufactures products in 15 countries and sells them to more than 100 countries.

The company is expected to announce Q1 2011 earnings of 62 cents per share, according to FactSet Research via Market Watch. Other published estimates range from 60 to 64 cents.

By: Tina Brown

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