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Kellogg Co
K released its results for the first quarter on Wednesday.
The company's quarterly profit dropped to $366 million, or $1 per share, from $418 million, or $1.09 per share, in the year-earlier period. The company's sales surged 5% to $3.49 billion. However, analysts were expecting earnings of $1.04 per share on revenue of $3.39 billion. Excluding foreign exchange impact, Kellogg still projects full-year earnings of $3.33 to $3.40 per share, versus analysts' estimates of $3.48 per share.
Kellogg shares closed at $57.44 yesterday.
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from Benzinga's Company news.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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