Market Recap – December 21st 💰

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Market Recap – December 21st

General Mills, Inc.

General Mills shares fell Tuesday after the food company reported fiscal second-quarter profit that missed expectations.Net income for the quarter was $597.2 million, below Wall Street estimates of $624.1 million. Adjusted earnings of 99 cents a share missed the FactSet consensus of $1.05. Sales of $5.02 billion in the quarter beat estimates of $4.8 billion.

FactSet Research Systems Inc.

FactSet Research reported stronger-than-expected fiscal Q1 results, topping both earnings and revenue estimates driven by robust continuing business momentum. Notably, adjusted earnings of $3.25 per share grew 12.8% year-over-year and significantly beat analysts’ expectations of $2.99 per share. Revenues jumped 9.4% year-over-year to $424.7 million and exceeded consensus estimates of $419.13 million

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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