H.J. Heinz posts higher quarterly earnings
November 19, 2010 · Posted in Bad Credit Loans
NEW YORK (MarketWatch) — H.J. Heinz Co. said Friday its fiscal second-quarter profit rose to $253.9 million, or 78 cents a share, from $237.3 million, or 73 cents a share, in the year-ago period. Sales declined 1.2% to $2.61 billion. Analysts polled by FactSet Research were looking for earnings of 76 cents a share, on average, with sales of $2.67 billion. For the full year, Heinz forecast earnings growth of 7% to 10% a share, with sales up 3% to 4%. Shares of Heinz closed Thursday at $48.19, up 1%.
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