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Kraft Heinz Q2 earnings cut in half

Christian Fernsby ▼ | August 8, 2019
The Kraft Heinz Company released earnings for second quarter that declined from the same period last year.
Kraft Heinz
Kraft Heinz   The company's earnings totaled $0.41 billion
The company's earnings totaled $0.41 billion, or $0.33 per share. This compares with $1.00 billion, or $0.82 per share, in last year's second quarter.

Analysts had expected the company to earn $0.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 5.4% to $5.96 billion from $6.30 billion last year.

The Kraft Heinz Company earnings at a glance:

-EPS (Q2): $0.66 vs. $0.90 last year.
-Analysts Estimate: $0.61
-Revenue (Q2): $5.96 Bln vs. $6.30 Bln last year.