MINNEAPOLIS (AP) -- The maker of Cheerios, Yoplait yogurts and other products is maintaining its fiscal 2011 adjusted earnings below Wall Street's view.
Speaking at an investor conference on Thursday, General Mills Inc. executives said they still expect adjusted earnings of $2.46 to $2.48 per share for the year ending in May.
This falls short of the $2.49 per share that analysts surveyed by Thomson Reuters expect. Analysts' estimates normally remove one-time items.
General Mills, based in Minneapolis, also reiterated its forecast for low single-digit percentage revenue growth.
The company's stock fell 14 cents to $36.59 in afternoon trading.
