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Kellogg beats on earnings, boosts revenue guidance amid momentum for snacks and noodles

·1 min read
Kellogg beats on earnings, boosts revenue guidance amid momentum for snacks and noodles

Shares of Kellogg Co. were up 2% in premarket trading Tuesday after the maker of packaged foods beat expectations with its latest financial results and increased its full-year revenue outlook. The company reported second-quarter net income of $326 million, or 95 cents a share, down from $380 million, or $1.11 a share, in the year-earlier quarter. On an adjusted basis, earnings per share grew to $1.18 from $1.14, while analysts surveyed by FactSet had been projecting $1.05 a share. Revenue increa