(K) - Get Kellogg Company (K) Report

met its own expectations and exceeded analysts' estimates by two cents when the cereal company reported fourth-quarter earnings of 35 cents a share.

The consensus estimate from 13 analysts polled by

First Call/Thomson Financial

was 33 cents. The income figure in the latest quarter excludes charges. In the year-ago period, Kellogg earned 34 cents a share. Income rose to $142.7 million from $136.7 million last year.

The Battle Creek, Mich., company's fourth-quarter revenue was off 1.9% to $1.56 billion from $1.59 billion, but would have been flat excluding the effect of foreign exchange, acquisitions and sold or discontinued businesses.

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Kellogg also said it expects to

close the acquisition of snack foods maker



in March.

Kellogg's stock was a little soggy on the

New York Stock Exchange

, losing 44 cents, or 1.7%, at $25.69.