Kellogg ( K) raised its profit outlook for the first quarter Monday night, forecasting earnings that are 30% higher than the year-ago period, when it earned 40 cents per share.

The company cited double-digit sales growth, which it called "far stronger than expected," and better-than-expected currency translation. The company also said a capacity restructuring was delayed past the end of the quarter, lowering its costs.

The company now expects to earn 52 cents per share in the first quarter. Analysts had expected earnings of 43 cents per share, according to Thomson First Call.

The company's profit for the year is now expected to be $2.07 to $2.11, up modestly from Kellogg's previous guidance of $2.05 to $2.09. Analysts had pegged 2004 earnings at $2.10 per share for 2004.

Kellogg said earnings for the entire year would have been even higher, but costs and write-offs that were originally expected to be 5 cents per share during 2004 are now expected to be 10 to 12 cents per share.

The company officially releases its first quarter results on April 22.

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