News Summary: Kellogg beats estimates

News Summary: Kellogg beats estimates on stronger sales

Associated Press

BIG APPETITE: Kellogg Co. reported fourth-quarter results Tuesday that topped Wall Street expectations, boosted by its acquisition of Pringles and sales overseas.

NUMBER CRUNCHING: Total sales rose 18 percent to $3.56 billion. In North America, sales for existing products rose 5.5 percent, reflecting strength in its breakfast and Kashi segment.

NEW ACCOUNTING: As a result of a new accounting method for pensions, the company said it lost $32 million, or 9 cents per share, in the quarter. That compares with a loss of $195 million, or 54 cents per share, for the prior year's revised results.

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