Investing.com -- Kellanova (NYSE:K) reported earnings and revenue for Q3 that beat analyst estimates.
The company posted earnings per share (EPS) of $0.91, surpassing analyst expectations of $0.85.
Quarterly revenue reached $3.23 billion, above the projected $3.16 billion.
Organic net sales rose 6.1%, also above the 3.05% estimated by analysts.
The company’s adjusted gross margin came in at 35%, roughly in line with the estimated 35.4%.
“Our strong third-quarter results reflect once again our strategy and more growth-oriented and profitable portfolio as Kellanova,” commented Steve Cahillane, Kellanova’s Chairman, President, and CEO.