Kellogg: Q2 beats consensus
(CercleFinance.com) - On Thursday, Kellogg reported Q2 2018 adjusted earnings that are up 23.
5% at 476 million dollars, or 1.14 dollar per share, while analysts were looking for just 1.05 dollar.
The breakfast cereals giant's adjusted sales rose 6.3% to nearly 3.4 billion dollars.
For full-year 2018, Kellogg has raised its adjusted EPS forecast from 11% to 13% at constant exchange rates (vs. 9%-11% previously), for adjusted revenue that is up by 4% to 5% (vs. 3-4%) - once again at constant exchange rates.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
5% at 476 million dollars, or 1.14 dollar per share, while analysts were looking for just 1.05 dollar.
The breakfast cereals giant's adjusted sales rose 6.3% to nearly 3.4 billion dollars.
For full-year 2018, Kellogg has raised its adjusted EPS forecast from 11% to 13% at constant exchange rates (vs. 9%-11% previously), for adjusted revenue that is up by 4% to 5% (vs. 3-4%) - once again at constant exchange rates.
Copyright (c) 2018 CercleFinance.com. All rights reserved.