PITTSBURGH (AP) — PITTSBURGH (AP) — The Kraft Heinz Company (KHC) on Wednesday reported fourth-quarter net income of $651 million.
The Pittsburgh-based company said it had net income of 55 cents per share. Earnings, adjusted for non-recurring costs, were 67 cents per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.
The processed food company with dual headquarters in Pittsburgh and Chicago posted revenue of $6.35 billion in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $6.42 billion.
Kraft Heinz expects full-year earnings in the range of $1.98 to $2.10 per share.
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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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