Crude Oil Gains 1%; Cintas Earnings Top Views
U.S. stocks fell Wednesday, led by a 1.1% Nasdaq drop. Cintas beat estimates and raised guidance; oil gained while gold, silver and copper declined.
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Dow Falls 100 Points; General Mills Posts Upbeat Q1 Earnings
U.S. stocks fell Wednesday; General Mills beat estimates, energy rose, utilities declined, while oil gained and gold dropped.
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General Mills Q1 Earnings Beat Estimates on Pricing and Mix Benefits
General Mills beat Q1 earnings estimates with adjusted EPS of 75 cents, though both net sales and EPS declined year-over-year. The company faced headwinds from higher input costs and lower volume, partially offset by favorable pricing and product mix. Gross margins contracted 90 basis points to 33.3%. General Mills maintained its fiscal 2027 guidance for $3-$3.20 EPS and organic sales growth of -1.5% to +0.5%.