The Kraft Heinz Company (NASDAQ: KHC) reported fourth-quarter 2020 financial results before the regular market hours on Thursday. The food products company reported fourth-quarter revenue of $6.94 billion, up 6% year-over-year and above the Wall Street projection. Net income of $0.80 per share was also higher than what analysts had anticipated.
KHC shares rose 1.4% immediately following the announcement. The stock has increased over 13% over the past 12 months.
“We set our multi-year transformation plan this time last year. We exceeded that plan in 2020. We are increasingly confident that we will again exceed that plan in 2021,” CEO Miguel Patricio said in a statement.
Prior performance
Most Popular
What to look for when CVS Health (CVS) reports Q3 earnings
Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain
eBay (EBAY): A few factors that helped drive growth in Q3 2024
Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to