Despite an increase in sales, shares of Heinz ( HNZ) were falling in midday trading after the company reported lower fourth-quarter profits, mainly due to one-time items. Excluding items, earnings missed analysts' expectations by a penny. Recently, shares of the Pittsburgh-based company were falling 3.6% to $33.17 on the New York Stock Exchange. Including $82.2 million in items, the company earned $102.6 million, or 29 cents a share, in the quarter ended April 30, compared with $223.5 million, or 63 cents a share, in the previous-year quarter. The company earned $184.8 million, or 52 cents a share, excluding items. Analysts expected 53 cents a share. Sales from continuing operations rose 6% to $2.19 billion. The company said sales in Europe and the Asia/Pacific region increased primarily because of favorable foreign exchange rates and positive prices, but Heinz said the U.S. frozen food business had lower sales. Looking to 2004, the company expects to earn $2.15 to $2.25 a share on sales growth of 3% to 4%. Analysts expect $2.03 a share.