Kraft Heinz Slips After Showing First Combined Quarterly Report
Keep an eye on shares of Kraft Heinz Co (KHC) in Tuesday's trading session. The newly merged packaged foods maker reported its first financial results after the close Monday.
Keep an eye on shares of Kraft Heinz Co (KHC) in Tuesday's trading session after the newly merged packaged foods maker reported its first financial results. The company’s Kraft division earned $0.92 share on revenue of $4.5 billion for the period. Both the top and bottom lines showed an improvement from the same quarter of last year. Meanwhile, the Heinz unit reported separate results showing a $0.91 cent loss on sales of $2.6 billion. Both figures for Heinz were lower compared to the year prior. The company said Heinz was hurt in part due to negative foreign exchange headwinds amid the stronger dollar. TheStreet's Kurumi Fukushima reports in New York.
