Kraft Heinz: Q4 Earnings Snapshot

Associated Press Finance

02-12

PITTSBURGH (AP) — PITTSBURGH (AP) — The Kraft Heinz Company (KHC) on Wednesday reported fourth-quarter net income of $2.13 billion.

The Pittsburgh-based company said it had profit of $1.76 per share. Earnings, adjusted for non-recurring gains, came to 84 cents per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.

The processed food company with dual headquarters in Pittsburgh and Chicago posted revenue of $6.58 billion in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $6.66 billion.

Kraft Heinz expects full-year earnings in the range of $2.63 to $2.74 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KHC at https://www.zacks.com/ap/KHC

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