General Mills' stock (GIS) dropped 4.2% in premarket trade Friday after the company cut its full-year profit and sales outlook, citing weak food-industry trends in the U.S. The food giant, which brands include Cheerios, Haagen-Dazs, Pillsbury and Old El Paso, said it now expects adjusted earnings per share for the fiscal year ending May 2015 to grow at a "low single-digit" percentage rate above fiscal 2014 earnings of $2.82 a share, compared with a previous growth target of a "high single-digit" rate.
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