General Mills Shares Hit Hard as Q3 Profits Fall 33% (GIS)
By:
Dividend Daily
Posted on March 18, 2009 at 09:57 AM EDT
Shares of General Mills (GIS) are down nearly 10% in early trading, after the cereal maker reported third quarter profits slumped 33 percent to $288.9 million, or 85 cents per share, compared with $430.1 million, or $1.23 per share, a year ago. The company cited higher costs and a stronger dollar for the missed results. Also, [...]
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