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Kraft Heinz: Q2 Earnings Snapshot
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PITTSBURGH (AP) — PITTSBURGH (AP) — The Kraft Heinz Company (KHC) on Wednesday reported a loss of $5.46 billion in its second quarter.

The Pittsburgh-based company said it had a loss of $4.60 per share. Earnings, adjusted for one-time gains and costs, came to 56 cents per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.

The processed food company with dual headquarters in Pittsburgh and Chicago posted revenue of $6.26 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $6.16 billion.

Kraft Heinz expects full-year earnings in the range of $2.03 to $2.09 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KHC at https://www.zacks.com/ap/KHC

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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