Kellogg Co. Shares Fall 2% After Fourth Quarter Earnings Below Analyst Expectations

Kellogg Co. shares fell 2% in pre-trade Thursday after the company reported fourth- quarter earnings below expectations. The company reported a net loss of $293 million, or 82 cents per share, down from net income of $818 million, or $2.26 a share in the year-earlier period. The company reported adjusted earnings per share of 84 cents, below the FactSet consensus of 93 cents. The company reported sales of $3.51 billion, slightly up from $3.50 billion in the year-earlier period but below the FactSet consensus of $3.627 billion. Kelloggg said it sees its 2015 net sales unchanged compared to 2014.