Here's Why Shares of General Mills Are Lower on Wednesday

Shares of General Mills (GIS) - Get Report were down slightly Wednesday after posting better-than-expected earnings for the latest quarter. The Cheerios maker reported earnings of $0.78 a share, three cents above Wall Street' s estimates. Revenue of $3.91 billion fell 7% year-over-year, but was in-line with analysts' predictions. Sales were hurt mainly by weak demand for its Yoplait yogurt and Progresso soup as well as the sale of the Green Giant frozen vegetable business. General Mills reiterated its 2017 targets for earnings growth in the range of 6% to 8% year-over-year.

Employees of TheStreet are restricted from trading individual securities.