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News / Business / Business Briefs

General Mills dives most in 6 months as gains fall short

By Bloomberg News
Published: September 19, 2018, 6:00am

NEW YORK — General Mills Inc.’s gains last quarter weren’t enough to calm investors, who drove the stock down the most in six months.

While net sales rose for a third straight quarter, they missed analysts’ estimates. Sales in North America — its biggest region — fell, dragged down by declines in U.S. snacks and yogurt.

Shares of General Mills sank as much as 8.8 percent to $43.57 Tuesday in New York, their biggest drop since March.

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