UPDATE: Heinz Reports Decline In FQ2 Profit

H.J. Heinz Co HNZ reported a decline in its fiscal second-quarter profit. Heinz's quarterly net income dropped to $237.0 million, or $0.73 per share, from $251.4 million, or $0.78 per share, in the year-ago period. Excluding items, Heinz earned $0.81 per share. Its sales climbed to $2.83 billion from $2.61 billion. HNZ shares gained 0.15% to $52.90 in pre-market trading.