Here's Why WK Kellogg Stock is Down 8% Despite Q3 Earnings Beat

Shares of WK Kellogg Co. (KLG) have tumbled 8.1% since it reported third-quarter 2024 results on Nov. 7. The leading branded ready-to-eat cereal provider’s top and bottom lines declined year over year. However, both metrics surpassed the Zacks Consensus Estimate. WK Kellogg’s adjusted earnings per share were 31 cents, surpassing the Zacks Consensus Estimate of 26 cents. This metric decreased from adjusted earnings of 33 cents reported in the year-ago quarter.Find the latest EPS estimates and surprises on Za ...