Kellogg Q2 EPS $1.25 Beats $1.11 Estimate, Organic Net Sales $4.14B Beat $4.05B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kellogg (NYSE:K) reported Q2 earnings of $1.25 per share, beating the analyst consensus estimate of $1.11 by 12.61%. This is a 5.93% increase over earnings of $1.18 per share from the same period last year. The company also reported quarterly sales of $4.14 billion, beating the analyst consensus estimate of $4.05 billion by 2.20%. This is a 7.12% increase over sales of $3.86 billion the same period last year.
August 04, 2023 | 1:07 pm
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POSITIVE IMPACT
Kellogg's Q2 earnings and sales beat analyst estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock.
Kellogg's better-than-expected Q2 earnings and sales indicate a strong financial performance, which is a positive signal to investors and could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100