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 story : Kellogg shares rise after guidance raised #FinanceUSA #StockMarketNEWS Kellogg Co. shares rose 3.8% in Thursday premarket trading after the food company reported earnings on Thursday that beat expectations

@stockMarketNEWS Thu 06 May, 2021

Posted in: #FinanceUSA #StockMarketNEWS

Kellogg shares rise after guidance raised #FinanceUSA #StockMarketNEWS
Kellogg Co. shares rose 3.8% in Thursday premarket trading after the food company reported earnings on Thursday that beat expectations and raised its full-year guidance. Net income totaled 8 million, or .07 per share, up from 7 million, or .01 per share. Adjusted EPS of .11 beat the FactSet consensus for 96 cents. Sales of .584 billion was up from .412 billion and and also beat the FactSet consensus for .377 billion. Kellogg now expects 2021 organic net sales to be flat year-over-year versus previous guidance for a 1% decline. Kellogg stock has gained 1.4% for the year to date while the S&P 500 index is up 11% for the period.


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