Kellanova Q3 2024 Adj. EPS $0.91 Beats $0.85 Estimate, Sales $3.233B Beat $3.158B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kellanova reported Q3 2024 earnings per share of $0.91, surpassing the analyst estimate of $0.85. The company's sales were $3.233 billion, exceeding the expected $3.158 billion. However, sales decreased by 17.92% compared to the same period last year.
October 31, 2024 | 12:12 pm
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Kellanova's Q3 2024 earnings exceeded expectations with an EPS of $0.91 and sales of $3.233 billion, but sales declined 17.92% year-over-year.
Kellanova's earnings and sales both exceeded analyst expectations, which is typically positive for stock prices. However, the significant year-over-year sales decline may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100