{"id":9072,"date":"2023-11-09T06:25:14","date_gmt":"2023-11-09T06:25:14","guid":{"rendered":"https:\/\/lendingsensibly.com\/investment\/wk-kellogg-beats-profit-and-revenue-estimates-in-its-first-earnings-update-since-spinning-off-from-kellanova\/"},"modified":"2023-11-09T06:25:15","modified_gmt":"2023-11-09T06:25:15","slug":"wk-kellogg-beats-profit-and-revenue-estimates-in-its-first-earnings-update-since-spinning-off-from-kellanova","status":"publish","type":"post","link":"https:\/\/lendingsensibly.com\/?p=9072","title":{"rendered":"WK Kellogg beats profit and revenue estimates in its first earnings update since spinning off from Kellanova"},"content":{"rendered":"
\n

WK Kellogg Co.\u2019s stock
\n KLG,
\n +2.29%<\/bg-quote>
\n was up by 2.8% in premarket trading after the cereal company that was formerly part of snack giant Kellanova
\n K,
\n +2.14%<\/bg-quote>
\n said its third-quarter profit rose by 82.6%. WK Kellogg said its net income increased to $42 million, or 49 cents a share, from $23 million, or 27 cents a share, in the year-ago quarter. WK Kellogg handily beat the FactSet consensus estimate for earnings of 26 cents a share. Revenue dipped by 1.9% to $692 million. Adjusted for the split, sales also fell 1.9% to $684 million, ahead of the analyst expectation of $666.3 million. WK Kellogg became an independent company on Oct. 2. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

WK Kellogg Co.\u2019s stock KLG, +2.29% was up by 2.8% in premarket trading after the cereal company that was formerly part of snack giant Kellanova K, +2.14% said its third-quarter profit rose by 82.6%. WK Kellogg said its net income increased to $42 million, or 49 cents a share, from $23 million, or 27 cents a share, in the year-ago quarter. WK Kellogg handily beat the FactSet consensus estimate for earnings of 26 cents a share. Revenue dipped by 1.9% to $692 million. Adjusted for the split, sales also fell 1.9% to $684 million, ahead of the analyst expectation of<\/p>\n","protected":false},"author":1,"featured_media":1090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":["post-9072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment"],"yoast_head":"\nWK Kellogg beats profit and revenue estimates in its first earnings update since spinning off from Kellanova | LendingSensibly<\/title>\n<meta name=\"description\" content=\"WK Kellogg Co.\u2019s stock KLG, +2.29% was up by 2.8% in premarket trading after the cereal company that was formerly part of snack giant Kellanova K, +2.14%\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lendingsensibly.com\/?p=9072\" \/>\n<meta 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