General Mills, Inc. Issues Q3 2012 EPS Guidance Below Analysts' Estimates; Lowers FY 2012 EPS Guidance

General Mills, Inc. announced that it estimates that 2012 third-quarter adjusted diluted EPS will total $0.54-$0.56. The Company revised its fiscal 2012 adjusted diluted EPS guidance to $2.53-$2.55. The Company's guidance had been $2.59-$2.61. Adjusted diluted EPS excludes the effects of mark-to-market valuation of certain commodity positions, and integration costs for the Yoplait international acquisition completed July 1, 2011. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $0.60 for the third quarter of 2012 and EPS of $2.60 for fiscal 2012.