© Reuters. Kraft Heinz Earnings, Revenue Beat in Q3
Investing.com – Kraft Heinz (NASDAQ:) reported on Wednesday third quarter that beat analysts’ forecasts and revenue that topped expectations.
Kraft Heinz announced earnings per share of $0.63 on revenue of $6.50. Analysts polled by Investing.com anticipated EPS of $0.57 on revenue of $6.27B.
Kraft Heinz shares are up 3% from the beginning of the year, still down 17.41% from its 52 week high of $44.87 set on May 10.
Kraft Heinz follows other major Consumer Staples sector earnings this month
Kraft Heinz’s report follows an earnings beat by Procter&Gamble on October 19, who reported EPS of $1.57 on revenue of $20.6B, compared to forecasts EPS of $1.56 on revenue of $20.37B.
Coca-Cola had beat expectations on Tuesday with third quarter EPS of $0.69 on revenue of $11.1B, compared to forecast for EPS of $0.64 on revenue of $10.53B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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