Friday A.M. Report

ATK beats estimates, raises 2011 guidance: Alliant Techsystems Inc. on Thursday reported a 33 percent increase in earnings per share for its fiscal 2011 second quarter. The defense and aerospace manufacturer said it earned $2.91 per share, compared with $2.19 in the same quarter a year ago. Analysts who follow the company were expecting earnings of $2.81 per share on revenues of $1.2 billion in the quarter. Read full story

General Mills reaffirms 2011 earnings guidance below Street estimate: General Mills Thursday reaffirmed its fiscal 2011 guidance of adjusted earnings per share of $2.46 to $2.48, below the $2.49 per share average of estimate of Wall Street analysts who follow the company. The Golden Valley-based maker of cereal, yogurt, baking, snacks and other food products also said it expects low single-digit percentage net sales growth and mid-single digit percent increase in its segment operating profit during the fiscal year that ends in May. Read full story

Menard to raze and rebuild Golden Valley store: Menard Inc. plans to raze its 30-year-old store in Golden Valley and replace it with an expanded two-story store at the same location. The Golden Valley City Council voted 4-1 Wednesday to approve the retailer’s preliminary design to replace the current 128,000-square-foot Menards with a 250,000-square-foot store. Read full story

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