Login or Register
Welcome , Settings |  Logout

Kellogg Posts Narrower Loss, Stands by 2013 Outlook

Tuesday, 05 Feb 2013 09:16 AM

 

Share:
More . . .
A    A   |
   Email Us   |
   Print   |
Kellogg reported a narrower quarterly loss on Tuesday helped by improvements in Latin America and stood by its full-year forecast.

The world's largest cereal company posted a net loss of $32 million, or 9 cents per share, compared with a loss of $195 million, or 54 cents per share, a year earlier.

Excluding a mark-to-market accounting change, earnings were 65 cents per share, down from 71 cents per share a year earlier.

The company, whose brands include Corn Flakes, Eggo waffles and Keebler cookies, stood by its 2013 outlook, which calls for earnings-per-share growth of 5 percent to 7 percent and sales growth of about 7 percent.

Net sales rose to $3.56 billion from $3.02 billion a year earlier.

Shares were up 0.7 percent at $58.50 in premarket trading.

© 2013 Thomson/Reuters. All rights reserved.

Share:
More . . .
   Email Us   |
   Print   |
Around the Web
Join the Newsmax community.
Register to share your comments with the community. Already a member? Login
Note: Comments from readers do not necessarily reflect the viewpoint of Newsmax Media. While we attempt to review comments, if you see an inappropriate comment you can block it by rolling over the comment, clicking the down arrow and selecting "Flag As Inappropriate."
blog comments powered by Disqus
 
Email:
Country
Zip Code:
 
You May Also Like
Around the Web
 
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved