date:May 03, 2013
arget, reported quarterly revenue of $924 million, which was below analysts' average estimate of $953.3 million, according to Thomson Reuters I/B/E/S.
SKIPPING DESSERT
Kellogg said net income was $311 million, or 85 cents per share in the first quarter, down from $351 million, or 98 cents per share, a year earlier.
The decline in profit was largely due to the rising cost of commodities, Kellogg said, adding that the first quarter included most of the inflation it expects for the full year.
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