Investing.com – Kraft Heinz (NASDAQ:) reported on Thursday first quarter that beat analysts’ forecasts and revenue that topped expectations.
Kraft Heinz announced earnings per share of $0.58 on revenue of $6.16B. Analysts polled by Investing.com anticipated EPS of $0.54 on revenue of $6.1B. That with comparison to EPS of $0.6 on revenue of $6.06B in the same period a year before. Kraft Heinz had reported EPS of $0.72 on revenue of $6.54B in the previous quarter. Analysts are expecting EPS of $0.64 and revenue of $6.45B in the upcoming quarter.
Kraft Heinz shares are down 4% from the beginning of the year , still down 9.06% from its 52 week high of $33.57 set on May 1, 2019. They are outperforming the which is down 9.4% year to date.
Kraft Heinz follows other major Consumer/Non-Cyclical sector earnings this month
Kraft Heinz’s report follows an earnings beat by Procter&Gamble on April 17, who reported EPS of $1.17 on revenue of $17.21B, compared to forecasts EPS of $1.13 on revenue of $17.31B.
Coca-Cola had beat expectations on April 21 with first quarter EPS of $0.51 on revenue of $8.6B, compared to forecast for EPS of $0.44 on revenue of $8.3B.
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