Associated Press

Kellogg Co. on Thursday reported a loss of $41 million in its fourth quarter.

On a per-share basis, the Battle Creek, Michigan-based company said it had a loss of 12 cents. Earnings, adjusted for non-recurring costs, came to 79 cents per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.

The maker of Frosted Flakes, Pop Tarts and Eggo waffles posted revenue of $3.14 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $3.13 billion.

Kellogg shares have fallen 2 percent since the beginning of the year, while the Standard & Poor's 500 index has declined slightly more than 9 percent. The stock has increased almost 7 percent in the last 12 months.