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UPDATE: Heinz Q2 Profit Up 10%

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H.J. Heinz Co (NYSE: HNZ) reported a rise in its second-quarter profit.

Heinz's quarterly profit rose to $289.4 million, or $0.90 per share, versus $237 million, or $0.74 per share, in the year-earlier period.

Its sales increased to $2.83 billion from $2.81 billion. However, analysts were expecting earnings of $0.88 per share on sales of $2.85 billion.

Heinz shares closed at $58.72 yesterday.

Posted-In: profitEarnings News


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