The Kraft Heinz Company Q3 adjusted earnings Miss Estimates

(RTTNews) - The Kraft Heinz Company (KHC) announced earnings for third quarter that declined from last year.

The company's earnings totaled $630 million, or $0.51 per share. This compares with $944 million, or $0.77 per share, in last year's third quarter.

Analysts had expected the company to earn $0.81 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.6% to $6.38 billion from $6.28 billion last year.

The Kraft Heinz Company earnings at a glance:

-EPS (Q3): $0.78 vs. $0.83 last year. -Analysts Estimate: $0.81 -Revenue (Q3): $6.38 Bln vs. $6.28 Bln last year.