WK Kellogg beats profit and revenue estimates in its first earnings update since spinning off from Kellanova

📆 08/11/2023 14:28:00
📰 MarketWatch

⏱ Reading Time:
23 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 97%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.

WK Kellogg Co.’s stock KLG, was up by 2.8% in premarket trading after the cereal company that was formerly part of snack giant Kellanova K, -0.86% said its third-quarter profit rose by 82.6%.

WK Kellogg said its net income increased to $42 million, or 49 cents a share, from $23 million, or 27 cents a share, in the year-ago quarter. WK Kellogg handily beat the FactSet consensus estimate for earnings of 26 cents a share. Revenue dipped by 1.9% to $692 million. Adjusted for the split, sales also fell 1.9% to $684 million, ahead of the analyst expectation of $666.3 million. WK Kellogg became an independent company on Oct. 2.

Escrever Comentário

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

SMBC discloses $560 million loss in sale of rail car leasing business to ITESteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »