Stock Market Briefs: General Mills, Autozone Beat Estimates

• General Mills (GIS) reported fiscal first quarter earnings of $1.28 a share, ex-items, beating Zacks estimates of earnings of $1.03 a share, as sales rose 0.6% to $3.52 billion, above Zacks estimates of $3.52 billion. The company also raised its 2010 earnings guidance to $4.40 to $4.45 a share from its prior view of $4.20 to $4.25 a share
• AMR (AMR) announced a private offering of $450 million senior secured notes due 2012
• AutoZone (AZO) reported fiscal fourth quarter earnings of $4.43 a share versus $3.88 a year ago, a shade below Zacks estimates of $4.45 a share. Sales of $2.23 billion were above prior year’s $2.21 billion and above Zacks projections of $2.23 billion
• Goldman Sachs (GS) lifted its price target on Walgreen (WAG) to $36 while maintaining a “neutral” rating. Analysts lowered the fourth quarter earnings estimate 2 cents to 38 cents a share, with fiscal year estimates at $1.92, holding 2010 projections at $2.30
• Goldman Sachs (GS) added Jarden (JAH) to its Conviction Buy List with a target price of $42, more than 50% above current levels

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