Kraft Heinz Shares Slip After Earnings Miss

By MarketWatch Pulse

Kraft Heinz Co. shares declined in the extended session Thursday after the company missed Wall Street estimates for its first reporting period since the two companies merged. Kraft Heinz shares declined 1.6% to $73.85. The company reported adjusted third-quarter earnings of 44 cents a share on adjusted revenue of $6.36 billion. Analysts surveyed by FactSet had forecast 62 cents a share on revenue of $6.7 billion.

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