Kellogg: Q2 Earnings Snapshot
BATTLE CREEK, Mich. (AP) _ Kellogg Co. (K) on Thursday reported second-quarter net income of $326 million.
On a per-share basis, the Battle Creek, Michigan-based company said it had net income of 95 cents. Earnings, adjusted for non-recurring costs, came to $1.18 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.
The maker of Frosted Flakes, Pop Tarts and Eggo waffles posted revenue of $3.86 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $3.64 billion.