BATTLE CREEK (dpa-AFX) - Kellanova (K) released a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $368 million, or $1.04 per share. This compares with $58 million, or $0.16 per share, last year.
Excluding items, Kellanova reported adjusted earnings of $0.92 per share for the period.
Analysts on average had expected the company to earn $0.83 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 1.6% to $3.124 billion from $3.174 billion last year.
Kellanova earnings at a glance (GAAP) :
-Earnings: $368 Mln. vs. $58 Mln. last year. -EPS: $1.04 vs. $0.16 last year. -Revenue: $3.124 Bln vs. $3.174 Bln last year.
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