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Kellogg Company Q2 Profit Decreases, but beats estimates

Kellogg Company (K) reported earnings for second quarter that decreased from last year but beat the Street estimates.

The company's earnings came in at $326 million, or $0.95 per share. This compares with $380 million, or $1.11 per share, in last year's second quarter.

Excluding items, Kellogg Company reported adjusted earnings of $1.18 per share for the period.

Analysts on average had expected the company to earn $1.05 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.4% to $3.86 billion from $3.56 billion last year.

Kellogg Company earnings at a glance (GAAP) :

-Earnings (Q2): $326 Mln. vs. $380 Mln. last year.
-EPS (Q2): $0.95 vs. $1.11 last year.
-Analyst Estimates: $1.05
-Revenue (Q2): $3.86 Bln vs. $3.56 Bln last year.

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