Kellogg reverses a profit and has $ $84 million loss in Q4

Kellogg, American manufacturer of breakfast cereals, had net loss of $ $84 million, or $ $0.24 per share, in the fourth quarter of 2018. In the same period of the previous year had been registered a profit of $ $417 million, or $ $1.21 per share. Non-recurring items excluded, the earnings per share was $ $0.91, above the expectations of analysts ears by FactSet. The operating profit of the quarter was $ $326 million, a drop of 16.5% compared to the last quarter of the previous year. According to the company, this is due mainly to the effect of "major restructuring costs and expenses associated with the proposed divestiture of our business of cookies, fruit snacks, pies and ice cream cones; In addition to besides looks for a potential Brexit ". To 2019, the company expects revenue growth between 3% and 4%, net foreign exchange effects. The operating profit should be stable. Already the earnings per share should fall between 5% and 7%.