General Mills

(GIS) - Get Report

reported earnings for the second quarter that met Wall Street's expectations.

The company said earnings rose to $202.7 million, or 70 cents a share, but that figure includes a gain of $4.8 million, or about 2 cents a share, from the company's portion of a class-action settlement of alleged price-fixing by several vitamin makers in 1999. Analysts polled by

First Call/Thomson Financial

expected General Mills to earn 68 cents a share for the period.

The company earned $193.7 million, or 62 cents a share, in the same period a year ago.

General Mills, which is based in Minneapolis, also said it was on track for double-digit growth in earnings per share for 2001, excluding the impact of the company's pending acquisition of

Pillsbury

from

Diageo

(DEO) - Get Report

. The cereal and snack foods maker earned $2 a share in fiscal 2000.

Shares of General Mills recently rose 56 cents, or 1.4%, to $39.88 in

New York Stock Exchange

trading.