Kellogg Expects to Meet Estimates

Kellogg

(K) - Get Report

reaffirmed its first-quarter earnings guidance, saying it expects to post a profit of 34 cents to 35 cents a share, in line with analysts' estimates.

According to

Reuters

, Kellogg Chairman and Chief Executive Carlos Gutierrez gave the forecast during an investor conference on Monday. He also reiterated the company's full-year earnings target of $1.73 a share.

According to Thomson Financial/First Call, Wall Street analysts are currently expecting the cereal maker to earn 35 cents in the first quarter and $1.72 for the full year.