Kellogg (K) Tops Q1 EPS by 3c

Kellogg (NYSE: K) reported Q1 EPS of $0.97, $0.03 better than the analyst estimate of $0.94. Revenue for the quarter came in at $3.4 billion versus the consensus estimate of $3.46 billion.

GUIDANCE:

Kellogg Company increased its guidance for currency-neutral comparable net sales, operating profit, and earnings per share due to the better-than-expected performance of the Venezuelan business. Full-year currency-neutral comparable earnings are now expected to increase by between 13% and 15% to between $4.00 and $4.07 per share; expectations for comparable earnings, which includes the impact of currency translation, remain unchanged at between $3.64 and $3.71 per share.

(Street sees FY EPS of $3.71).

For earnings history and earnings-related data on Kellogg (K) click here.

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