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Kraft Heinz Gains 2.27% as S&P 500 and Nasdaq Fall
The stock rose to $22.48 in the latest session, while Zacks consensus estimates point to lower earnings and revenue year over year.
Key takeaways
- Kraft Heinz rose 2.27% to close at $22.48.
- Zacks consensus estimates call for $0.43 in quarterly EPS and $6.04 billion in revenue.
Kraft Heinz rose 2.27% to close at $22.48 in the latest trading session, while the S&P 500 fell 0.47%. The Dow gained 0.1%, and the Nasdaq dropped 1.25%.
Over the previous month, Kraft Heinz shares lost 10.69%, compared with a 4.53% decline in the Consumer Staples sector and a 1.15% gain for the S&P 500.
For its forthcoming earnings report, Zacks consensus estimates project earnings of $0.43 per share and revenue of $6.04 billion. Those figures would be down 29.51% and 3.08%, respectively, from the same quarter a year earlier.
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Further reading
This article was produced with the help of AI technology. Source: Yahoo Finance
