Kellogg releases Q2 earnings snapshot

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BATTLE CREEK — Kellogg Co. (K) on Thursday reported second-quarter net income of $326 million.

On a per-share basis, the Battle Creek-based company said it had net income of 95 cents. Earnings, adjusted for non-recurring costs, came to $1.18 per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.

The maker of Frosted Flakes, Pop Tarts and Eggo waffles posted revenue of $3.86 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $3.64 billion.

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