Kellanova Q3 Adj. EPS $1.03 Beats $0.82 Estimate, Sales $3.94B Beat $3.62B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kellanova (NYSE:K) reported Q3 earnings of $1.03 per share, beating the analyst consensus estimate of $0.82 by 25.61%. This is a 1.98% increase over earnings of $1.01 per share from the same period last year. The company also reported quarterly sales of $3.94 billion, beating the analyst consensus estimate of $3.62 billion by 8.81%, but this is a 0.18% decrease over sales of $3.95 billion the same period last year.
November 08, 2023 | 1:03 pm
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POSITIVE IMPACT
Kellanova's Q3 earnings and sales beat analyst estimates, which could lead to a positive short-term impact on the stock. However, the slight decrease in sales compared to the same period last year might temper this impact.
Kellanova's Q3 earnings beat analyst estimates, which is typically a positive signal for the stock. However, the slight decrease in sales compared to the same period last year might temper this impact. The overall impact is likely to be positive, but investors should also consider the slight decrease in sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100