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Earnings Analysis: 
General Mills Earnings per Share Grew 42%
Author: Ivaylo Dagnev
123jump.com
Last Update: 3:00 PM ET September 22 2005



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General Mills, Inc, packaged consumer producer, reported 1Q results of fiscal 2006. Earnings per share rose to 64 cents, up from 45 cents in the comparable period last year.

 
General Mills’, (GIS: chart), net sales for the period increased 3 % to $2.66 billion over the same period a year earlier, as unit volume grew 1 percent worldwide. Segment operating profits rose 21 % to $500 million. Earnings after tax amounted to $252 million, up 38 % from $183 million in the year-ago period.

Rite Aid Corp., (RAD: chart), drugstore chain, reported a 2Q loss of 3 cents a share, down vs. year-ago earnings of nil per share, hurt by sluggish pharmacy sales and rising expenses, matching analysts’ expectations of a loss of 3 cents a share.

Comtech Telecommunications Corp., (CMTL: chart), telecom company, reported 4Q profit advanced to 42 cents a share, up from 25 cents in the year-ago period on strong sales growth, beating analysts’ expectations for earnings of 34 cents a share.

KB Home, (KBH: chart), homebuilder, posted fiscal 3Q earnings of $2.55 a share, up from $1.42 a share in the year-ago period, beating the analyst estimate of $2.39 a share on 44% revenue growth.

Texas Industries, (TXI: chart), construction materials producer, posted 1Q loss of $2.25 a share, down vs. a profit of $1.62 a share in the same period a year earlier despite revenue growth, missing widely the analyst estimate of 63 cents a share. Excluding discontinued operations and debt retirement costs, earnings would have amounted to 59 cents a share.
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