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Benzinga
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Top Wall Street Forecasters Revamp General Mills Price Expectations Ahead Of Q3 Earnings

1. General Mills expects earnings drop to 96 cents per share for Q3. 2. Quarterly revenue projected at $4.95 billion, lower than previous year. 3. Company sold Canadian yogurt division to Sodiaal, impacting market presence. 4. Stock gained 2.3% to close at $60.94 on recent trading. 5. Analysts show mixed ratings, with lowered target prices by several firms.

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FAQ

Why Bearish?

The expected earnings drop and lower revenue could dampen investor confidence. Historically, significant earnings declines lead to stock price drops.

How important is it?

Upcoming earnings and mixed analyst ratings signal investor uncertainty, affecting GIS pricing.

Why Short Term?

Immediate earnings release may cause volatility but likely stabilizes thereafter. Market reactions to earnings are typically immediate.

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