Heinz profit rises 10% to $289.4 million

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Heinz profit rises 10% to $289.4 million
from MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) -- H.J. Heinz Co. said Tuesday its second-quarter profit increased to $289.4 million, or 90 cents a share, from $237 million, or 73 cents a share, in the year-ago period. The ketchup maker's sales edged up to $2.83 billion from $2.81 billion. Analysts expected Heinz to earn 88 cents a share on sales of $2.85 billion, according to a survey by FactSet. Looking ahead, Heinz said it continues to expect 4% organic sales growth in fiscal 2013, with an increase of 5% to 8% in earnings per share from continuing operations.