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.
The Home Depot, Inc. (NYSE: HD) reported first-quarter 2021 earnings results today. Net sales increased 32.7% year-over-year to $37.5 billion. Comparable sales were a positive 31%. Net income was $4.1
Benchmark stock indexes pared their recent gains early this week amid elevated inflation concerns, but regained a part of the momentum later aided by recovery in tech stocks. The Dow
Shares of Alibaba Group (NYSE: BABA) have dropped 10% since the beginning of the year. The company reported mixed results for the fourth quarter of 2021 a day ago, with