Why Is Kraft Heinz Stock Falling Wednesday? - Kraft Heinz (NASDAQ:KHC)

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• Benzinga center

  Why Is Kraft Heinz Stock Falling Wednesday? - Kraft Heinz (NASDAQ:KHC)
• Investing.com Stocks center

  Kraft Heinz raises forecasts, but turnaround efforts struggle to excite investors
• MarketBeat News Feed center

  Kraft Heinz (NASDAQ:KHC - Get Free Report) announced its earnings results on Wednesday. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The firm had revenue of $6.26 billion for the quarter, compared to analysts' expectations of $6.13 billion. During the same period in the prior year, the company earned $0.69 EPS. The business's revenue