CHICAGO (AP) — CHICAGO (AP) — Kellanova (K) on Thursday reported first-quarter profit of $267 million.
On a per-share basis, the Chicago-based company said it had profit of 78 cents. Earnings, adjusted for non-recurring costs, came to $1.01 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.
The the maker of Pringles and other snacks posted revenue of $3.2 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $3.17 billion.
Kellanova expects full-year earnings in the range of $3.55 to $3.65 per share.
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