Kellogg quarterly sales top Wall Street estimates

(Reuters) – Cereal maker Kellogg Co (K.N) topped Wall Street estimates for sales on Thursday, helped by its acquisition of RXBAR and consolidation of Nigerian distributor Multipro.

Kellogg’s Corn Flakes cereal is pictured at a Ralphs grocery store in Pasadena, California August 3, 2015. REUTERS/Mario Anzuoni/File Photo

Net income rose to $596 million, or $1.71 per share, in the second quarter ended June 30, from $283 million, or 80 cents per share, a year earlier.

Net sales rose to $3.36 billion from $3.18 billion. Analysts had estimated revenue of $3.30 billion, according to Thomson Reuters I/B/E/S.

Reporting by Nivedita Balu in Bengaluru



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