07:57 AM EDT, 03/20/2024 (MT Newswires) -- General Mills ( GIS ) reported fiscal Q3 adjusted earnings Wednesday of $1.17 per diluted share, up from $0.97 a year earlier.

Analysts polled by Capital IQ expected $1.05.

Net sales for the quarter ended Feb. 25 were $5.1 billion, down from $5.13 billion a year earlier.

Analysts surveyed by Capital IQ expected $4.97 billion.

The cereals company said it was reaffirming its full-year fiscal 2024 outlook for organic net sales in a range between down 1% and flat and for adjusted operating profit and adjusted diluted EPS to increase 4% to 5% in constant currency.

General Mills' ( GIS ) shares were more than 3% higher in recent premarket trading.

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