CNN/Money  
graphic
News > Companies
graphic
Heinz 4Q shy of estimates
Condiment maker's operating profit misses target by a penny; '04 profit forecast in line.
June 12, 2003: 7:57 AM EDT

NEW YORK (CNN/Money) - H.J. Heinz Co. reported a fiscal fourth-quarter operating profit Thursday that fell short of Wall Street estimates amid the slowing economy.

The Pittsburgh-based condiment maker posted an operating profit of 52 cents a share, a penny shy of analysts' expectations of 53 cents, according to First Call.

On a net basis, Heinz earned $102.6 million, or 29 cents a share, after $82.2 million in items in the period ended April 30, down from $223.5 million, or 51 cents, a year earlier.

The company said it also sees a profit of $2.15 to $2.25 a share in 2004 and sales growth of 3 or 4 percent, excluding divestitures.

Wall Street expects Heinz to earn $2.21 a share in 2004, according to First Call.

Shares of Heinz (HNZ: Research, Estimates) added 85 cents Wednesday to close at $34.40.  Top of page


--from staff and wire reports




  More on NEWS
Easy Rider's chopper is up for auction
Pier 1 Imports shares fall 11%
Why Caterpillar must compete in China
  TODAY'S TOP STORIES
Occupy pays student loans for strangers
Thank Janet Yellen: stocks hit new record
Judging by inflation, it's good to be American




graphic graphic
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.