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Kellogg shares rise after earnings and revenue beat

Kellogg Co. K, -2.31% shares rose 4.5% in Tuesday premarket trading after the food company reported third-quarter earnings and revenue that beat estimates. Net income totaled $297.0 million, or 85 cents per share, up from $292.0 million, or 82 cents per share, for the same period last year. Adjusted EPS was $1.05, ahead of the 94-cents FactSet consensus. Revenue was $3.27 billion, up from $3.25 billion last year and ahead of the $3.21 billion FactSet consensus. Kellogg reiterated its full-year 2017 earnings guidance, however guidance is given on a currency-neutral basis. Kellogg shares are down 21.6% for the past year while the S&P 500 index SPX, -0.32% is up 21% for the period.


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