Kellogg: 3Q Earnings Snapshot

MarketsAssociated Press

Kellogg Co. (K) on Wednesday reported third-quarter net income of $380 million.

On a per-share basis, the Battle Creek, Michigan-based company said it had net income of $1.09. Earnings, adjusted for non-recurring gains, were $1.06 per share.

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The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.

The maker of Frosted Flakes, Pop Tarts and Eggo waffles posted revenue of $3.47 billion in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $3.42 billion.

Kellogg shares have increased nearly 6 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has increased 19 percent in the last 12 months.


This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on K at