The Kraft Heinz Company (KHC) reported earnings for fourth quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at $757 million, or $0.61 per share. This compares with $890 million, or $0.72 per share, in last year's fourth quarter.
Excluding items, The Kraft Heinz Company reported adjusted earnings of $964 million or $0.78 per share for the period.
Analysts on average had expected the company to earn $0.77 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 7.0% to $6.86 billion from $7.38 billion last year.
The Kraft Heinz Company earnings at a glance (GAAP) :
-Earnings (Q4): $757 Mln. vs. $890 Mln. last year.
-EPS (Q4): $0.61 vs. $0.72 last year.
-Analyst Estimates: $0.77
-Revenue (Q4): $6.86 Bln vs. $7.38 Bln last year.
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