Kellogg’s Profit Rises in Third Quarter
From Associated Press
Kellogg Co.’s profit climbed 35.4% in the third quarter, narrowly beating Wall Street expectations despite a 2.3% decline in sales.
The cereal maker said it earned $203.5 million, or 49 cents per share, beating the consensus forecast of 48 cents a share. Sales fell 2% to $2.14 billion.
Shares of Kellogg fell $2.15 to $33 on the NYSE.
