UPDATE: Kellogg Q1 Profit Declines 13%
Kellogg Co (NYSE: K) reported a 13% drop in its first-quarter profit.
Kellogg's quarterly profit declined to $311 million, or $0.85 per share, versus $351 million, or $0.98 per share, in the year-ago period.
Its revenue climbed to $3.86 billion from $3.44 billion. However, analysts were projecting earnings of $1.02 per share on revenue of $3.93 billion.
Kellogg shares closed at $64.61 yesterday.
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