Food and Beverage News: Heinz, Dr Pepper Snapple Friday, November 18, 11:43 AM ET
Food producer H.J. Heinz (
HNZ) reported a decline in fiscal second quarter earnings today.
Profits fell to $237 million, or $0.73 per share, from $251.4 million, or $0.78 per share, in last year's second quarter.
Adjusted earnings of $0.81 per share were just ahead of analyst estimates.
Sales missed analyst expectations, however, rising to $2.83 billion from $2.61 billion last year.
Heinz reaffirmed its full year earnings outlook, which falls short of Wall Street forecasts.
Late yesterday, Dr Pepper Snapple Group (NYSE:
DPS) announced its board had approved an additional $1 billion in stock buybacks.
Dr Pepper noted that the company has now authorized a total of $3 billion in shares repurchases, and that it bought back about $1.5 billion in common stock through the third quarter.
The beverage producer also declared a quarterly dividend of $0.32 per share.
For MarketNewsVideo.com, I'm Sayoko Murase.
Friday Sector Leaders: Medical Instruments & Supplies, Metals Fabrication & Products
Related symbols: IVC, MMSI, APT, TREX
Friday Sector Laggards: Education & Training Services, Shipping Stocks
Related symbols: EDMC, ESI, DRYS, SB
Thursday Sector Leaders: Auto Dealerships, Paper & Forest Products
Related symbols: GPI, KMX, UFS, VRS
Friday's ETF with Unusual Volume: BBH
Related symbols: BBH, GILD, CELG, BMRN, NPSP
Friday's ETF Movers: ILF, GDXJ
Related symbols: PBR.A, SID, GBU.CA, TRX, GDXJ, ILF
XLV, HDG: Big ETF Outflows
Related symbols: XLV, HDG, JNJ, PFE, FLWS, XXII
Daily Dividend Report: PFE, BAC, SCHW, MCO, ALTR, JNPR, AJG, POM
Related symbols: PFE, BAC, SCHW, MCO, ALTR, JNPR, AJG, POM
Daily Dividend Report: CMCSA, DD, TWC, AAL, VLO
Related symbols: CMCSA, DD, TWC, AAL, VLO
Daily Dividend Report: V, ENB, STX, PH, C
Related symbols: V, ENB, STX, PH, C
Weekly Market Wrap: October 24, 2014
Related symbols: DRYS, F, MSFT, AAPL, TWC, V, TROW, MCK, MCK
Weekly Market Wrap: October 17, 2014
Related symbols: AMD, BAC, AAPL, GE, JNJ, PAYX, CCL, SWK
Weekly Market Wrap: October 10, 2014
Related symbols: BAC, MU, INTC, GTAT, CAT, WAG, F, KRFT, ALG
Week Ahead Market Report: October 20, 2014
Related symbols: BAC, AAPL, PFE, AOS, KMB, ABT, DOW, GM, MMM, AAL, DPS, LLY, LO, B, CL, PG, UPS
About The Week Ahead Market Report
Week Ahead Market Report: October 13, 2014
Related symbols: BAC, CSX, AAPL, FB, SIRI, C, JPM, INTC, AXP, EBAY, NFLX, AMD, BHI, COF, BK, GE, MS
All videos » |
Stock market definitions »
Food and Beverage News: Heinz, Dr Pepper Snapple
| Market News Video | Copyright © 2008 - 2014, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.