Investing.com - Kellogg's fourth quarter earnings beat estimates but revenues were a tad short.
Kellogg Thursday reported a 16.5% yoy in Q4 EPS of $0.92 as revenues fell 1.4% to $3.09 bn.
The U.S. food manufacturer was expected to report EPS of $0.85 on revenues of $3.11 bn.
"Earnings exceeded our expectations, as operating-profit margins continued to improve," CEO John Bryant said.
Kellogg forecast a 2% fall in 2017 comparable net sales and comparable EPS of $3.91-$3.97.