UPDATE: Heinz Q2 Profit Up 10%

H.J. Heinz Co 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.