NEW YORK (TheStreet) -- Shares of Kraft Heinz Co.  (KHC)  were flat in after-hours trading on Thursday as the food and beverage company posted weaker-than-expected revenue for the 2016 third quarter. 

After today's closing bell, Kraft Heinz reported revenue of $6.27 billion, which fell short of Wall Street's expected $6.30 billion. 

Adjusted earnings came in at 83 cents per share, surpassing analysts' projected 74 cents per share. 

In 2015, Pittsburgh-based Kraft Heinz posted adjusted earnings of 44 cents per share and $6.12 billion in revenue for the third quarter. 

Kraft Heinz said pricing fell 0.7% in the 2016 third quarter as a result of key commodity deflation in the U.S., mostly in meats and coffee, and coffee in Canada, as well as higher promotional expenses in Europe.

KHC Chart KHC data by YCharts

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