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Kellogg Co. (K) Dropped To A 2-Month Low After Q1 Report

Kellogg Co. (K) reported first quarter EPS of $1.00 Monday morning, which was flat with the prior year period. The consensus estimate was for EPS of $0.99. The company now expects to report full year 2012 EPS of $3.18 to $3.30, due to weakness in Europe.

Kellogg gapped open sharply lower Monday and declined during the first half of the morning. The stock slipped further going into the close and finished down by 3.29 at $50.70, with volume at a 5-month high. Kellogg sank to over a 2-month low and fell below both its 50 and 200-day moving averages.

by RTT Staff Writer

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