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Kraft Heinz Profit Beats Analysts’ Estimates

  • Lower tax rate accounted for much of the earnings increase
  • Sales fell in U.S., which accounts for 70 percent of revenue
Bloomberg business news

Big Bet On Kraft Heinz Hasn't Paid Off Yet

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There’s finally some goods news for Kraft Heinz Co. investors.

The maker of Heinz ketchup posted first-quarter profit that exceeded analysts’ estimates, giving its struggling stock a lift in after-hours trading Wednesday. The company’s shares have been battered in the aftermath of the company’s failed bid to acquire Unilever last year.