Kellanova Q4 Adj. EPS $0.78 Beats $0.74 Estimate, Sales $3.17B Beat $3.08B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kellanova (NYSE:K) reported Q4 adjusted EPS of $0.78, surpassing the $0.74 estimate, with sales of $3.17B also beating the $3.08B estimate. However, both earnings and sales saw a decrease from the previous year, with earnings down 17.02% and sales down 17.17%.
February 08, 2024 | 1:07 pm
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Kellanova reported a Q4 adjusted EPS of $0.78, beating estimates, and sales of $3.17B, also above expectations. However, there's a notable year-on-year decline in both earnings and sales.
While Kellanova beat the quarterly estimates for both EPS and sales, the significant year-on-year decline in both metrics could temper investor enthusiasm. The positive beat might provide short-term stock support, but the declines highlight potential underlying challenges that could limit upside momentum.
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