Cheerios maker General Mills up after quarterly results beat estimates on steady demand

Shares of Cheerios maker General Mills GIS.N rise as much as 3.7% at $48.78 in early trading
Co beats second-quarter sales and profit estimates on the back of steady demand for its pantry staples and breakfast cereals

Posts quarterly sales of $4.86 billion vs. analysts' estimates of $4.78 billion, as per data compiled by LSEG

Logs quarterly adjusted profit of $1.10 per share topping estimates of $1.03 per share

Co maintains annual sales and profit forecasts for the second time this year
Up to last close, stock down about 26% YTD