BATTLE CREEK (dpa-AFX) - Kellanova (K) announced a profit for second quarter that Decreased from the same period last year and missed the Street estimates.
The company's bottom line came in at $299 million, or $0.85 per share. This compares with $344 million, or $1.00 per share, last year.
Excluding items, Kellanova reported adjusted earnings of $0.94 per share for the period.
Analysts on average had expected the company to earn $0.99 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 0.3% to $3.203 billion from $3.192 billion last year.
Kellanova earnings at a glance (GAAP) :
-Earnings: $299 Mln. vs. $344 Mln. last year. -EPS: $0.85 vs. $1.00 last year. -Revenue: $3.203 Bln vs. $3.192 Bln last year.
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