WASHINGTON (dpa-AFX) - The Kraft Heinz Company (KHC) announced earnings for third quarter that declined from last year.
The company's earnings totaled $630 million, or $0.51 per share. This compares with $944 million, or $0.77 per share, in last year's third quarter.
Analysts had expected the company to earn $0.81 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 1.6% to $6.38 billion from $6.28 billion last year.
The Kraft Heinz Company earnings at a glance:
-EPS (Q3): $0.78 vs. $0.83 last year. -Analysts Estimate: $0.81 -Revenue (Q3): $6.38 Bln vs. $6.28 Bln last year.
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