General Mills Inc. (NYSE: GIS) reported Tuesday that it maintains its 2010 earnings outlook and issued its long-term growth expectations, according to Associated Press.
The company, whose products include Cheerios cereal, Green Giant vegetables and Yoplait yogurt, still forecasts profit between $4.52 and $4.57 per share for fiscal 2010, prior to any mark-to-market effects.
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Analysts polled by Thomson Reuters, whose estimates usually remove one-time items, expect full-year earnings of $4.60 per share.
In addition, General Mills provided several long-term growth targets. The company said it foresees earnings reaching $6.75 per share by 2015, with sales rising to $18 billion. For 2009, the food maker reported sales of $14.69 billion.
Shares of General Mills added 79 cents to $70.28 in afternoon trading.
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