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WK Kellogg Co Q4 Profit Increases, Beats Estimates

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

WK Kellogg Co (KLG) released earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $19 million, or $0.21 per share. This compares with $15 million, or $0.18 per share, last year.

Excluding items, WK Kellogg Co reported adjusted earnings of $37 million or $0.42 per share for the period.

Analysts on average had expected the company to earn $0.26 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 1.7% to $640 million from $651 million last year.

WK Kellogg Co earnings at a glance (GAAP) :

-Earnings: $19 Mln. vs. $15 Mln. last year.
-EPS: $0.21 vs. $0.18 last year.
-Revenue: $640 Mln vs. $651 Mln last year.

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