Kellogg Marks Solid Earnings Growth in 1Q18, Beats Estimate
Kellogg (K) reported significantly better-than-expected 1Q18 earnings on May 3. Its adjusted EPS (earnings per share) of $1.23 handily surpassed analysts’ expectation of $1.08 and registered strong double-digit growth. On a currency-neutral basis, its adjusted EPS was $1.19, reflecting a YoY (year-over-over) growth of 11.2%.