General Mills Reaffirms FY24 Outlook - Update

General Mills Cuts FY25 View Despite Q2 Above Market; Stock Drops

Shares of General Mills, Inc. were losing around 6 percent in the pre-market activity on the NYSE after the branded food company on Wednesday trimmed its fiscal 2025 earnings view, and said it sees net sales at the lower end of estimate range, citing increased promotional investment. This was despite reporting higher second-quarter profit and revenues, above market estimates.

RTTNews | il y a 13h 18min

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 | il y a 729

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 | il y a 903

U.S. Dollar Climbs On Fed's Hawkish Tone

The U.S. dollar advanced against its major counterparts in the New York session on Wednesday, as the Federal Reserve cut interest rates by a quarter point but indicated fewer rate cuts than previously projected next year.

RTTNews | il y a 5h 24min

Fed Lowers Interest Rates By Quarter Point, Forecasts Fewer Rate Cuts In 2025

In support of its dual goals of maximum employment and inflation at the rate of 2 percent over the longer run, the Federal Reserve on Wednesday announced its widely expected decision to lower interest rates by another quarter point. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 4.25 to 4.50 percent, matching the rate cut seen in early November.

RTTNews | il y a 7h 16min

U.S. Dollar Advances Against Most Majors

The U.S. dollar strengthened against its most major counterparts in the New York session on Wednesday.

RTTNews | il y a 7h 48min

Swiss Market Ends Notably Lower

The Switzerland market closed notably lower on Wednesday, after languishing in negative territory right through the day's trading session, as investors weighed global economic outlook in the wake of the latest data on Eurozone and U.K. inflation, and awaited the Federal Reserve's monetary policy announcement.

RTTNews | il y a 8h 26min

European Stocks Close Higher Ahead Of Fed, BoE Policy Announcements

European stocks closed slightly higher on Wednesday after a cautious session as investors digested the latest batch of regional economic data and awaited the Federal Reserve's monetary policy announcement due later in the day, and the Bank of England's policy announcement on Thursday.

RTTNews | il y a 8h 40min

EURUSD	1.03672	GBPUSD	1.25847	AUDUSD	0.62232
USDJPY	154.721	USDCAD	1.44346	USDCHF	0.90056