Tags: kellogg | earnings | outlook | cereal

Kellogg Posts Narrower Loss, Stands by 2013 Outlook

Tuesday, 05 Feb 2013 09:16 AM

Kellogg reported a narrower quarterly loss on Tuesday helped by improvements in Latin America and stood by its full-year forecast.

The world's largest cereal company posted a net loss of $32 million, or 9 cents per share, compared with a loss of $195 million, or 54 cents per share, a year earlier.

Excluding a mark-to-market accounting change, earnings were 65 cents per share, down from 71 cents per share a year earlier.

The company, whose brands include Corn Flakes, Eggo waffles and Keebler cookies, stood by its 2013 outlook, which calls for earnings-per-share growth of 5 percent to 7 percent and sales growth of about 7 percent.

Net sales rose to $3.56 billion from $3.02 billion a year earlier.

Shares were up 0.7 percent at $58.50 in premarket trading.

© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
Companies
Kellogg reported a narrower quarterly loss on Tuesday helped by improvements in Latin America and stood by its full-year forecast. The world's largest cereal company posted a net loss of $32 million, or 9 cents per share, compared with a loss of $195 million, or 54 cents...
kellogg,earnings,outlook,cereal
129
2013-16-05
Tuesday, 05 Feb 2013 09:16 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved