General Mills Warns 2014 EPS Will Fall to Low-End of Range

By MarketsFOXBusiness

Cheerios and Pizza Rolls parent General Mills (NYSE:GIS) reaffirmed its fiscal 2014 earnings guidance on Tuesday but warned the devaluation of the Venezuelan bolivar would likely put results at the low end of the range.

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For the period ending May 25, the Minneapolis-based branded consumer foods manufacturer is anticipating non-GAAP earnings between $2.87 and $2.90 a share.

Analysts on average are calling for adjusted EPS of $2.88, according to a Thomson Reuters poll.

Shares of General Mills were down 0.56% to $49.61 in recent trade.

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