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. |