General Mills Reaffirms FY24 Outlook - Update

General Mills Boosts FY23 Outlook As Q2 Results Top Estimates

Branded food company General Mills reported Tuesday a profit for the second quarter that edged up 1 percent from last year, driven by improved gross margins and 4 percent net sales growth. Both adjusted earnings per share and net sales topped analysts' estimates. The company also raised its adjusted earnings and organic net sales growth guidance for the full-year 2023.

RTTNews | 553 days ago

General Mills Initiates FY23 Outlook; Boosts Qtly Dividend 6% - Update

While reporting financial results for the fourth quarter and fiscal 2022 on Wednesday, branded food company General Mills, Inc. (GIS) initiated constant-currency adjusted earnings per share and organic net sales growth guidance for the full-year 2023.

RTTNews | 727 days ago

Swiss Market Ends Moderately Lower

The Switzerland market ended weak on Tuesday, in line with markets across Europe, with investors awaiting some key economic data from the U.S. for more clues about the outlook for Federal Reserve's interest rate moves.

RTTNews | 4h 42min ago

European Stocks Close Lower Ahead Of Crucial Economic Data

European stocks closed on a weak note on Tuesday as investors closely followed the political scene and digested some corporate news from the region, besides looking ahead to U.S. consumer income & spending data for clues about the outlook for Federal Reserve's monetary policy moves.

RTTNews | 5h 15min ago

Canadian Market Drifts Lower After Inflation Data

The Canadian market is down in negative territory Tuesday morning, weighed down by data showing the nation's consumer price inflation unexpectedly increased in May.

RTTNews | 7h 14min ago

US Consumer Confidence Dips On Weaker Economic Expectations

Consumer confidence in the U.S. eased slightly in June as households' economic expectations eroded, survey data from the Conference Board showed Tuesday. The Conference Board Consumer Confidence Index fell to 100.4 from 101.3 in May. Economists had expected a reading of 100.

RTTNews | 7h 29min ago

Spirit Aero Stock Dips On Reports Of Boeing Changing Terms Of Acquisition Offer

Spirit AeroSystems shares were losing more than 5 percent in morning trade on the NYSE after Bloomberg reported that Boeing Co. changed the acquisition terms to stock offer from cash offer. Boeing has now offered to buy its key supplier Spirit AeroSystems Holdings Inc. for about $35 per share in a mostly stock deal, Bloomberg reported citing people familiar with the matter.

RTTNews | 8h 5min ago

Eli Lilly Collaborates With OpenAI To Use Generative AI To Invent Novel Antimicrobials

Eli Lilly and Co. (LLY) announced Tuesday a collaboration with OpenAI that will allow Lilly to leverage OpenAI's generative AI to invent novel antimicrobials to treat drug-resistant pathogens.

RTTNews | 8h 8min ago

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