Kellogg Q3 profit rises, tops Street view

Kellogg Co (K.N) posted a quarterly profit that topped Wall Street forecasts and raised its full-year outlook, helped by lower commodity costs and curbs on expenses, sending its shares up 2 percent.

Like many food companies, Kellogg has benefited from higher prices and consumers eating more meals at home instead of at restaurants during the recession.

The world's largest cereal maker has also consistently invested in product development and cost-cutting, moves that analysts think will help boost earnings even as Kellogg laps the price increases it took last year when prices for commodities like wheat and oil were soaring.

Read Full Article from Reuters

- Posted: 2009-10-29 10:32:22

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