5 Stocks in Focus After Posting Their Earnings Reports

1. General Mills, Inc. (NYSE:GIS)

Number of Hedge Fund Holders: 36

Shares of General Mills, Inc. (NYSE:GIS) rose for two straight days after announcing financial results for its fiscal third quarter on Wednesday, March 23, 2022. The Minnesota-based packaged food producer reported adjusted earnings of 84 cents per share, beating expectations of 78 cents per share.

Revenue came in at $4.538 billion, nearly unchanged from last year and slightly below the consensus of $4.56 billion. On the bright side, General Mills, Inc. (NYSE:GIS) raised the financial outlook for its fiscal 2022.

General Mills, Inc. (NYSE:GIS) now expects adjusted earnings per share in the range of flat to a 2 percent rise, compared to its previous forecast between a 2 percent drop and a 1 percent increase. In addition, the company now expects revenue growth of about 5 percent, compared to its previous growth outlook between 4 – 5 percent.

You can also take a peek at 10 Best Roth IRA Stocks To Buy in 2022 and 10 Undervalued Dividend Kings To Buy In 2022.

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