Stocks in the news: Palm, General Mills, AutoZone, Ford

Melly Alazraki
Updated

Some of the companies making headlines today:

General Mills Inc. (GIS) said Wednesday that its fiscal first-quarter profit surged 51 percent to $420.6 million, or $1.25 per share on strong demand for its products, handily beating expectations. Excluding one-time items, profit was $1.28 per share, beating estimates of $1.03 per share. Shares climbed 3.4 percent ahead of the bell.

Palm Inc. (PALM) said Wednesday that it has priced a public offering of 20 million shares at $16.25 a share. On Sept. 17 it announced a 16-million share offering. Net proceeds are expected to be about $313.1 million, which Palm said it will use for working capital and general corporate purposes.

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