Kraft Heinz (NASDAQ:KHC) reported third quarter earnings that missed analyst's expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.78 on revenue of $6.38B. Analysts polled by expected EPS of $0.82 on revenue of $6.32B. That compared to EPS of $0.83 on revenue of $6.68B in the same period a year earlier. The company had reported EPS of $1 on revenue of $6.69B in the previous quarter.
For the year, Kraft Heinz shares are down 27.73%, under-performing the S&P 500 which is up 2.13% year to date.
Kraft Heinz follows other major Consumer/Non-Cyclical sector earnings this month
On October 19, Procter&Gamble (NYSE:PG) reported first quarter EPS of $1.12 on revenue of $16.69B, compared to forecasts of EPS of $1.09 on revenue of $16.45B.
Coca-Cola (NYSE:KO) earnings beat analyst's expectations on Tuesday, with third quarter EPS of $0.58 on revenue of $8.26B. analysts expected EPS of $0.55 on revenue of $8.18B
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