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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