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Kraft Heinz announced earnings per share of $0.7 on revenue of $6.44B. Analysts polled by Investing.com anticipated EPS of $0.62 on revenue of $6.32B.
Kraft Heinz shares are down 9% from the beginning of the year, still down 19.64% from its 52 week high of $36.36 set on August 17. They are under-performing the S&P 500 which is up 1.25% from the start of the year.
Kraft Heinz’s report follows an earnings beat by Procter&Gamble on October 20, who reported EPS of $1.63 on revenue of $19.32B, compared to forecasts EPS of $1.42 on revenue of $18.38B.
Coca-Cola had beat expectations on October 22 with third quarter EPS of $0.55 on revenue of $8.7B, compared to forecast for EPS of $0.46 on revenue of $8.36B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
