General Mills gains, despite lower profit
General Mills Inc.’s quarterly net income fell 14 percent to $405.6 million, or 61 cents per share. One the biggest US food companies, it’s continuing to deal with high costs for ingredients and energy. Still, the adjusted results beat Wall Street expectations and revenue climbed 9 percent to $3.85 billion because of higher prices, solid consumer demand, and new products. The stock rose on that news.