Kraft Heinz Co (KHC) Releases Earnings Results, Beats Expectations By $0.14 EPS

Kraft Heinz Co (KHC) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.85 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.14. Analysts had a consensus of $0.71. The company posted revenue of $6793.00 million in the period, compared to analysts expectations of $6790.09 million. The company’s revenue was up 159.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 EPS.

Kraft Heinz Co closed down -0.82 points or -0.95% at $85.15 with 28,32,285 shares getting traded on Tusday. Post opening the session at $85.75, the shares hit an intraday low of $84.64 and an intraday high of $85.75 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Nov 20, 2015, Jeanne P Jackson (director) purchased 4,330 shares at $75.40 per share price.

The Kraft Heinz Company formerly H.J. Heinz Holding Corporation is a food and beverage company. The Company provides taste and nutrition foods for all eating occasions. The Company’s brands include Kraft Heinz ABC Capri Sun Classico Jell-O Kool-Aid Lunchables Maxwell House Ore-Ida Oscar Mayer Philadelphia Planters Plasmon Quero Weight Watchers Smart Ones and Velveeta.

Kraft Heinz Co

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