Kellogg Earnings: Double-Digit Revenue Growth Boosts Shares

Kellogg Company (NYSE:K) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.15%.

Kellogg Company Earnings Cheat Sheet

Results: Net income increased to $0 (67 cents per diluted share) in the quarter versus a net loss of $232 million in the year-earlier quarter.

Revenue: Rose 18.08% to $3.56 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Kellogg Company reported adjusted net income of 67 cents per share. By that measure, the company beat the mean analyst estimate of $0.66. It beat the average revenue estimate of $3.44 billion.

Quoting Management: “Kellogg Company delivered strong performance in the fourth quarter, continuing the sequential improvement we’ve seen all year,” said John Bryant, Kellogg Company’s President and CEO…