Kellogg Company Q3 Profit Increases, beats estimates

Kellogg Company (K) reported earnings for its third quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $310 million, or $0.90 per share. This compares with $307 million, or $0.89 per share, in last year's third quarter.

Excluding items, Kellogg Company reported adjusted earnings of $1.01 per share for the period.

Analysts on average had expected the company to earn $0.98 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.1% to $3.95 billion from $3.62 billion last year.

Kellogg Company earnings at a glance (GAAP) :

-Earnings (Q3): $310 Mln. vs. $307 Mln. last year.
-EPS (Q3): $0.90 vs. $0.89 last year.
-Analyst Estimate: $0.98
-Revenue (Q3): $3.95 Bln vs. $3.62 Bln last year.

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