Daily Stocks News » GIS

Jefferies Downgrades General Mills

Warren Paige — Sat, 17 Aug 2013 10:08:46 +0000

Jefferies downgraded General Mills (NYSE: GIS) to “underperform” from “hold” and cut its price target to $44 from $45 0n Friday. Jefferies cited weak outlook and higher valuation. The firm also slashed its outlook on first quarter EPS , FY 2014 EPS and FY2015 EPS. For the fiscal first quarter, Jefferies cut EPS outlook to [...]

Major Movers on March 20; FRAN, FDX, GIS, WSM, ADBE

Warren Paige — Wed, 20 Mar 2013 15:24:26 +0000

Shares of Francesca’s Holdings Corp. (NASDAQ: FRAN) rallied on Wednesday after the boutique chain, late last evening, reported better-than-expected fiscal fourth results and provided guidance on the current quarter and full-year which matched Street’s estimates.

For the fiscal fourth quarter, the Houston-based Company posted net earnings of $14.9 million or 33 cents a share, [...]

Major Movers on February 19; ODP, OMX, SPLS, HUM, SPWR, GIS

Warren Paige — Tue, 19 Feb 2013 15:58:24 +0000

Shares of office supplies companies Office Depot Inc. (NYSE: ODP), OfficeMax Incorporated (NYSE: OMX) and Staples Inc. (NASDAQ: SPLS) are seeing a huge rally in trading today after the Wall Street Journal reported that OMX and ODP are close to merging.

Talks of an OfficeMax and Office Depot merger have been doing rounds for [...]

General Mills Reports 22 Percent Jump in Quarterly Earnings (GIS)

Warren Paige — Wed, 19 Dec 2012 15:28:07 +0000

Shares of branded consumer food manufacturer and marketer, General Mills Inc. (NYSE: GIS) edged up on Wednesday after the company reported better-than-expected fiscal second-quarter earnings thanks to strong revenue growth, boosted its latest acquisitions of Yoki Alimentos business in Brazil and Yoplait Canada. The company also slightly lifted its outlook on full-year earnings even as [...]

General Mills (GIS) Reports Q1 Financial Results; Shares Rise

Warren Paige — Wed, 19 Sep 2012 16:29:00 +0000

Minnesota-based Consumer foods producer, General Mills Inc. (NYSE: GIS) reported results for the first quarter of 2013 ended Aug 26, 2012. Shares of GIS rose sharply following the release of first-quarter results.

Net sales increased by 5.3% to $4,051 million from that of $3,847.6 million in Aug 2011. Operating profit increased by 22.1% to [...]