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Will Kellogg (K) Stock Be Helped By Q2 Earnings Beat, Higher Guidance?

NEW YORK (TheStreet) -- Kellogg (K) reported better-than-expected earnings and increased its full-year outlook before Thursday's opening bell.

For the second quarter, the Battle Creek, MI-based cereal and food manufacturer posted diluted earnings of $1 per share, surpassing Wall Street's expectations of 91 cents per share. Revenue increased 6.6% year-over-year to $3.27 billion, but still fell short of analysts projected $3.36 billion.

Kellogg reported earnings of 92 cents per share on revenue of $3.48 billion for the 2015 second quarter.

The company's CEO...