Kellogg (K) Tops Q2 EPS by 13c; raises guidance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/14/2026
- S&P 500 notches record-high close as rate-hike worries ease
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- BofA lifts server CPU TAM to $210bn+ on the rise of AI agents
- Burry doubles down on Nebius short after stock surges 34% on earnings
- JPMorgan gets bullish on Salesforce, says concerns are "overblown"
Kellogg (K) raises full-year guidance after topping Q2 estimates
August 3, 2023 10:18 AM EDTKellogg (NYSE: K) topped second-quarter profit expectations and raised sales and earnings guidance when it reported earnings before the open on Thursday.
The food manufacturing firm reported earnings of $1.24, $0.13 better than the analyst estimate of $1.11. However, revenue for the quarter came in at $4.04 billion, below the consensus estimate of $4.07 billion.
The company said its operating profit growth was driven by an earlier-than-expected recovery in its gross profit margin.
Kellogg shares are down 0.4% at the... More
