Kellogg tops 2Q net income and revenue expectations

IndustriesAssociated Press

Kellogg Co. (K) on Tuesday reported second-quarter earnings of $223 million.

On a per-share basis, the Battle Creek, Michigan-based company said it had net income of 63 cents. Earnings, adjusted for non-recurring costs, came to 92 cents per share.

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The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.

The maker of Frosted Flakes, Pop Tarts and Eggo waffles posted revenue of $3.5 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $3.47 billion.

Kellogg shares have increased 1 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed roughly 2 percent. The stock has increased 7.5 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on K at http://www.zacks.com/ap/K

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Keywords: Kellogg, Earnings Report