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Kellogg Company Reports Q3 Results

By Warren Paige

Kellogg Company (NYSE: K) has reported its financial results for the third quarter, posting net sales of $3.7 billion. The company’s net earnings for the quarter were $326 million, or $0.90 per share. Excluding one-time items, the company’s earnings for the quarter were $0.95 per share, representing an increase of 2.2% over the same period in the previous year. John Bryant, President and CEO of Kellogg, said that the company is excited by the potential and opportunities it sees for growth in the categories in which it operates. Bryant said that as a result of this, the company is making the difficult decisions necessary to address structural cost-saving opportunities which will enable it to increase investment in its core markets and in opportunities for future growth.

November 4th, 2013 | Tags: | Category: Large Cap Growth Stocks

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.