Breaking: General Mills and Roivant Sciences - Earnings Reaction
- June 28th, 2023
- 425 views
General Mills, Inc. (NYSE: GIS) released its fourth-quarter fiscal 2023 earnings report, surpassing the consensus estimates for earnings per share (EPS).
The company reported an EPS of $1.12, exceeding the consensus of $1.07. However, its sales growth for the quarter fell slightly short of expectations, with a year-on-year increase of 3% to $5.03 billion, just below the consensus estimate of $5.1 billion in revenue.
$GIS is currently trading at $77.24, down $3.66 (4.52%)
On the other hand, Roivant Sciences Ltd. (Nasdaq: ROIV) also reported its fourth-quarter fiscal 2023 results, revealing a lower loss from continuing operations compared to the analysts' expectations.
The company reported a loss of $0.20 per share, which is better than the consensus estimate of a loss of $0.36 per share. Additionally, Roivant Sciences exceeded revenue expectations, reporting quarterly sales of $27.38 million, surpassing the consensus estimate of $21.53 million for the period.
$ROIV is currently trading at $9.27, up $0.22 (2.43%)
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