General Mills is reporting that net income slipped 28 percent in the second quarter, pressured by rising costs and some charges, but revenue jumped by double digits.
Medtronic Inc., the world’s largest medical device maker, reported higher-than-expected earnings Tuesday as overall sales edged up despite continuing pressure on the company’s best-selling heart and spine implants.
Hormel Foods Corp.’s fiscal fourth-quarter profit fell 3 percent as sales at its grocery products segment declined.
Agribusiness conglomerate Cargill Inc. said its fiscal first-quarter earnings fell 66 percent amid a volatile global grain market.
General Mills Inc.’s fiscal first-quarter net income fell 14 percent, but its adjusted results beat Wall Street’s expectations as revenue climbed on higher prices, solid demand and new products.
Medtronic, the world’s largest medical device maker, says its fiscal first-quarter earnings slipped 1 percent as challenges in spinal products and its biggest business, implantable cardioverter defibrillators, countered other revenue gains.
3M says its second-quarter profit rose 3.4 percent as slowing demand for films for LCD televisions dampened strong growth across its other businesses.
Target Corp. raised its quarterly dividend Wednesday by 5 cents to 30 cents as it sought to placate investors after a 22 percent decline in its stock price this year.
Grocer Supervalu Inc.’s fiscal fourth-quarter net income dipped 2 percent, partly weighed down by softer sales and store closings.
U.S. Bancorp said its fourth-quarter profit jumped 64 percent as it wrote off fewer bad loans. The bank said new lending of $65.6 billion was at its highest level since before the financial panic that began in late 2008.
Christopher & Banks Corp. is declaring a quarterly dividend of 6 cents a share.
Managed care company UnitedHealth Group Inc. said Tuesday economic stagnation, the health care overhaul and pressure on government programs like Medicare and Medicaid will affect its performance heading into the new year.