Kellogg Company Q2 Profit Increases, beats estimates

(RTTNews) - Kellogg Company (K) released earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $357 million, or $1.03 per share. This compares with $326 million, or $0.95 per share, in last year's second quarter.

Excluding items, Kellogg Company reported adjusted earnings of $1.25 per share for the period.

Analysts on average had expected the company to earn $1.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.7% to $4.04 billion from $3.86 billion last year.

Kellogg Company earnings at a glance (GAAP) :

-Earnings (Q2): $357 Mln. vs. $326 Mln. last year. -EPS (Q2): $1.03 vs. $0.95 last year. -Analyst Estimate: $1.01 -Revenue (Q2): $4.04 Bln vs. $3.86 Bln last year.